True, but I think there's obvious legs to it. Some common reasons for fraud are:
* Laundering money (buy accounts with stolen cards, sell them using crypto to people who don't want to be associated with the accounts).
* People falsely claiming fraud to cover up the payments (ex. a spouse finding out about them).
* More specific to OF, people paying for private/custom content and then filing a chargeback.
I think people being prudish is kind of what allows this market to be ripe with fraud. I'm not sure there's a way to "disrupt" this industry using credit cards just due to the inherent tendency for fraud in the market.
Yeah, I get that. I think things are changing. Younger people are more willing to be open about their use of porn, and more accepting of things like OF.
I don't think there's anything intrinsic about the sex industry that makes it more fraudulent. I think it's much more about the prudishness and societal attitudes that makes it so. Also the long association with organised crime, obviously.
I wonder how this works in countries (like the Scandinavians) where the sex industry is more accepted and there's less prudishness? Are the banks still excluding them there?
* Laundering money (buy accounts with stolen cards, sell them using crypto to people who don't want to be associated with the accounts).
* People falsely claiming fraud to cover up the payments (ex. a spouse finding out about them).
* More specific to OF, people paying for private/custom content and then filing a chargeback.
I think people being prudish is kind of what allows this market to be ripe with fraud. I'm not sure there's a way to "disrupt" this industry using credit cards just due to the inherent tendency for fraud in the market.