Why and how do banks hold so much power over companies like OnlyFans? Can OnlyFans find different ways to process payments if the banks cause them issues again?
In: Economics
Anyone processing payments for OF could be guilty of processing payments for illegal activities. This may include just simply sexual acts that are still banned in some places, but even worse there could be child exploitation, rape and other things on there and if it gets exposed then the payment processor(s) involved could be in deep trouble. Pornhub recently was forced to scrub all content that wasn’t produced by “verified partners”, which means most of the do-it-yourself sex workers for this exact same reason, all the CC companies refused to process payments if they didn’t.
If OFs doesn’t completely shut down sexual content, expect them to implement a similar “verified partner” program in the near future.
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