LogFAQs > #948508863

There are multiple reasons why credit card companies don't like dealing with porn, and here's two big ones: fraud, and conservative investors. It all comes back to money.

Conservative investors don't like it when their money is going to/coming from businesses they find unsavory, so credit card companies have to be careful about what businesses they do business with. Investors are the real customer base. So if you're wondering about PR moves, keep in mind who they're really relating to. This is one of the reasons you'll see credit card companies being fickle about porn, but not other things.

Internally credit card companies don't like dealing with the amount of stolen cards that get used to pay for online porn, the money laundering this engenders, or dealing with the amount of post-fap chargebacks from likely legitimate transactions. As far as I know, Mastercard won't even accept porn payments anymore. Like, at all, across the board. It's worth mentioning that this is a somewhat western centered problem. Other cultures have different attitudes about sexually explicit material, and they get fewer fraud cases. This is why sites I cannot name can sell hentai in Japan without issues while in the Americas it's a constant struggle to process payments for adult content. Japan is a lower fraud risk.

I wish I could dig up the exact investor material I read this in, but it came from Mastercard and it basically said, "Any time you see us doing something that seems political or socially conscious, it's because it makes us money". It stopped short of outright saying stuff like the Mastercard Foundation exists to get people in developing nations hooked on credit cards, but it was cynical enough that you could read between the lines.

adjl posted...

Distancing themselves from it at least demonstrates that they are unwilling to continue supporting such content, which could work in their favour if it comes to convincing a jury that they weren't complicit.

Also a possibility in this case. It's been an open secret that "Fun"Hub was not doing due diligence in removing illicit material. While I have my doubts about the liability of the credit card companies over it, I'm not 100% sure they're far enough removed either. I think it's possible "Fun"Hub was approaching some threshold of liability themselves that was making an already volatile business partner too unstable to continue working with.

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