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SimonChris posted:https://twitter.com/business/status/1428422301536727043 Its so weird to me their banking partners and payment providers hate money
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Aug 19, 2021 21:26
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vyst posted:Its so weird to me their banking partners and payment providers hate money Why do payment processors even care? Do other client threaten to pull their partnerships? Also, will process payments for arms manufacturers, but boobs are a step too far.
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Aug 19, 2021 21:28
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Idk why but I've heard it's an issue for the entire industry.
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Aug 19, 2021 21:30
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Calumanjaro posted:Why do payment processors even care? Do other client threaten to pull their partnerships? Part of the problem is that porn consumers are a lot more likely than average to claim that they didn't authorize the purchase and make chargeback requests, which causes expenses for the payment processors. Of course, they already charge porn companies much higher fees to account for this, but apparently they still don't think it's worth the risk in a lot of cases. I think porn might also be more likely to be used for money laundering, which the banks can be held accountable for if they don't spend a lot of time and money doing due diligence checks.
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Aug 19, 2021 21:35
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https://twitter.com/MaxKaminCross/status/1428443982556696578
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Aug 19, 2021 21:40
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Is there any variation of DPPH url still available. Surely no one would expect that to be a cam site.
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Aug 19, 2021 21:52
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Aug 19, 2021 21:58
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SimonChris posted:Part of the problem is that porn consumers are a lot more likely than average to claim that they didn't authorize the purchase and make chargeback requests, which causes expenses for the payment processors. Why would banks care about money laundering, they're doing enough of it themselves.
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Aug 19, 2021 22:42
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Biplane posted:Why would banks care about money laundering, they're doing enough of it themselves. Because they're not getting a big enough cut.
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Aug 19, 2021 22:59
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Calumanjaro posted:Why do payment processors even care? Do other client threaten to pull their partnerships?
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Aug 19, 2021 23:03
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Biplane posted:Why would banks care about money laundering, they're doing enough of it themselves. quote:which the banks can be held accountable for
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Aug 19, 2021 23:04
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Calumanjaro posted:New goon project? I'll take nude photos of the wiki
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Aug 19, 2021 23:24
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Lumbermouth posted:Isn't this basically how Tumblr hosed itself into obscurity? sort of. the thing to understand about the "valuation drop" of tumblr is that the website was never actually profitable in the first place and the 1.1 billion evaluation was just yahoo being loving rubes. i was on tumblr a few years including the before/after of the porn ban and the site was constantly trying out new (extremely stupid) shakeups to try and figure out a way to monetize the website, none of which were successful because the only thing that could plausibly make money was the same old "show ads to free users" thing every free website tries. the porn ban was idiotic but even without it the site wasn't "worth" anything near its valuation, the user exodus just punctured the self-delusion of investors. valuation these days is basically duchamp: billionaire edition where companies just "declare" something to be valuable regardless of the viability of the business model or whether it actually is turning a profit.
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Aug 19, 2021 23:28
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Stexils posted:valuation these days is basically duchamp: billionaire edition where companies just "declare" something to be valuable regardless of the viability of the business model or whether it actually is turning a profit. This is called "The Softbank Approach"
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Aug 20, 2021 00:34
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Haifisch posted:Banks don't like lots of negative press and being on the hook for charges. Hahahahhahaha. HSBC still exists right?
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Aug 20, 2021 01:27
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Fantastic Foreskin posted:Idk why but I've heard it's an issue for the entire industry. A group called Exodus Cry has been pushing Mastercard very hard as part of their anti-porn crusade. A while back when their was the big blow up about child porn on Pornhub, that was Exodus Cry pushing for that. Note that they haven't ever said poo poo about Facebook and Youtube which handle the most kiddie porn in the world by a fair margin. It's part of a large crusade where prostitution is being reclassified as sex trafficking. It makes it sound super scary. And it lets DAs bring heavier charges on people who would have gotten a misdemeanor for prostitution can bump that up to a felony.
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Aug 20, 2021 01:46
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CharlestheHammer posted:Hey shouldn’t even need investors. OnlyFans will soon be neither a grower nor a shower.
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Aug 20, 2021 01:50
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The money laundering stuff looks suspect, but it seems like kiddy porn might have been the dealbreaker.quote:Some of the most concerning allegations in the SARs are the banks’ written warnings that MFCXY “may be operating in areas where underage children, and other vulnerable individuals might be forced to provide services.”
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Aug 20, 2021 02:20
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This part is kind of Elonesque:quote:Though the banks did not detail specific incidents of underage activity, they highlighted the fact that money was being sent to performers in “high-risk” areas such as Colombia, Romania, Poland, Bulgaria, Ukraine, Lithuania, the Philippines, and Russia. It’s clear to everyone. Why else would they be doing business in But by all means, if they’re facilitating abuse, nail them to the wall. Platystemon has a new favorite as of 02:39 on Aug 20, 2021 |
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Aug 20, 2021 02:26
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A bombshell BBC investigation on OnlyFans just dropped, and it seems like the company made it recent announcement in response to the looming release of this investigation. The short summary is that they told moderators to go easy on high-profit accounts and punished them for policing any more aggressively. They were also clearly not dedicating enough resources to policing things like underage sex, exploitation, trafficking and pay-for-sex. https://www.bbc.com/news/uk-58255865
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Aug 20, 2021 07:11
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CharlestheHammer posted:It seems better moderation rather than nuking their main source of income is the better idea That doesn't sound like synergizing paradigms to me
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Aug 20, 2021 07:19
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Vegetable posted:BBC investigation on OnlyFans you'll have to be clearer here
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Aug 20, 2021 14:20
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https://twitter.com/PostCultRev/status/1428584131835748359 Thread
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Aug 20, 2021 14:43
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it all comes back to nick Kristof in the end
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Aug 20, 2021 14:45
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Thomamelas posted:Note that they haven't ever said poo poo about Facebook and Youtube which handle the most kiddie porn in the world by a fair margin. That's surprising to hear. Got a source to back up that claim?
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Aug 20, 2021 16:35
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I saw a figure for the volume that gets uploaded to FB when Pornhub did it's thing and it was pretty huge. I'd never be able to find it now but it should be in the gbs thread about it.
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Aug 20, 2021 16:44
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It is interesting that a million other sites tried to do what only fans did but they were the ones who became big. I wonder if it is because they had the legitimate star power with non-sexwork stuff that caused them to get the visibility that made the sexwork feel like a "safe" purchase for customers?
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Aug 20, 2021 16:49
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SimonChris posted:Part of the problem is that porn consumers are a lot more likely than average to claim that they didn't authorize the purchase and make chargeback requests, which causes expenses for the payment processors. Yeah, from what I hear, it's this. Many consumers are either consciously being assholes (purposefully purchasing the porn, busting a nut, and then doing a chargeback to get free porn) or are folks who buy genuinely intending to "keep" the product but then have to do a chargeback because a spouse/partner/guardian finds out and gets upset.
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Aug 20, 2021 18:18
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Ofecks posted:That's surprising to hear. Got a source to back up that claim? https://www.businessinsider.com/facebook-instagram-report-20-million-child-sexual-abuse-images-2021-2 Given Facebook's historically poo poo track record of moderation, the real number is likely much higher. Rick posted:It is interesting that a million other sites tried to do what only fans did but they were the ones who became big. I wonder if it is because they had the legitimate star power with non-sexwork stuff that caused them to get the visibility that made the sexwork feel like a "safe" purchase for customers? Payout rates. They were aggressive early on with their payout rates which got content creators.
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Aug 20, 2021 18:56
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Read After Burning posted:Yeah, from what I hear, it's this. Many consumers are either consciously being assholes (purposefully purchasing the porn, busting a nut, and then doing a chargeback to get free porn) or are folks who buy genuinely intending to "keep" the product but then have to do a chargeback because a spouse/partner/guardian finds out and gets upset. I worked on the debit card disputing side for awhile and that happens all the time. The porn vendors are always the best ones to work with because they so blase about it and will just refund the charge. It always made me chuckle when I'd be on the phone with them and hearing what is obviously a tiny Indian woman just matter-of-fact stating the charges like "Your customer purchased a subscription to creampieblondes.com and then another trial to throatfuckingteens.com".
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Aug 20, 2021 19:09
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SimonChris posted:I think porn might also be more likely to be used for money laundering, which the banks can be held accountable for if they don't spend a lot of time and money doing due diligence checks. Banks literally get caught laundering money for cartels and terrorist groups and don't get in trouble for it
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Aug 20, 2021 19:47
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Thomamelas posted:A group called Exodus Cry has been pushing Mastercard very hard as part of their anti-porn crusade. A while back when their was the big blow up about child porn on Pornhub, that was Exodus Cry pushing for that. Note that they haven't ever said poo poo about Facebook and Youtube which handle the most kiddie porn in the world by a fair margin. It's part of a large crusade where prostitution is being reclassified as sex trafficking. It makes it sound super scary. And it lets DAs bring heavier charges on people who would have gotten a misdemeanor for prostitution can bump that up to a felony. Yeah, it's loving gross and scary and 100% comes from conservative extremists pushing their under the table culture war even harder than usual
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Aug 20, 2021 19:49
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I’ve never signed up for any adult content because ya know… there’s a lot out there for free. But the closest I’ve come to signing up for something was OF, if only because it had good design and was bright/cheery and definitely came off as more legit vs. something like cam sites. Also, the direct contribution to the person who creates the content vs funding a giant company like Brazzers who definitely exploits its talent. OF seemed like they had a winning formula and then hosed it up.
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Aug 20, 2021 21:49
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The idea behind getting any getting of investors besides actual startups is that you get what would be X years of profit right now and none of the operational risks or concerns. Having a sustainable or profitable business is irrelevant, you just have to convince someone else they'll be able to make even more money with it.
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Aug 20, 2021 22:18
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Thomamelas posted:https://www.businessinsider.com/facebook-instagram-report-20-million-child-sexual-abuse-images-2021-2 being better probably a tiny helped, but success is also mostly random.
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Aug 20, 2021 22:22
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https://twitter.com/ToysRUs/status/1428376135885365252
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Aug 20, 2021 22:48
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Toys R Us was a horrible company the last 15-20 years it existed and even worse to work for. It should have stayed dead.
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Aug 21, 2021 00:45
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I thought Macy's had been circling the drain for a while now themselves?
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Aug 21, 2021 02:34
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Silly Newbie posted:I thought Macy's had been circling the drain for a while now themselves? I think they still are. This seems like the Sears/KMart deal that ended up crashing and burning.
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Aug 21, 2021 02:37
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Between this and the only fans thing this year is getting pretty weird.
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Aug 21, 2021 02:43
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