The same payment companies are very happy to take payments on porn sites. This manufactured outrage makes no sense. It's scary what a rather small activist group can accomplish.
Not at all. Square, Stripe, PayPal all outright refuse to deal with anything porn. Visa and Mastercard put out severe limitations, and (AFAICT) refuse to process payments to sites like pornhub.
This is not only due to reputation risks (even though these are real), but also because of the higher rates of fraud and chargebacks.
I'd say that anything that by its nature materially hampers the customer's ability to think rationally is risky for a payment processor, because it will always be a fertile ground for fraud and scams. Porn and gambling are obvious examples; alcohol is another, but (strong) alcohol is usually pretty strictly regulated, down to state-run monopolies in a number of countries.
This is not only due to reputation risks (even though these are real), but also because of the higher rates of fraud and chargebacks.
I'd say that anything that by its nature materially hampers the customer's ability to think rationally is risky for a payment processor, because it will always be a fertile ground for fraud and scams. Porn and gambling are obvious examples; alcohol is another, but (strong) alcohol is usually pretty strictly regulated, down to state-run monopolies in a number of countries.