Quote:
Originally Posted by AdultKing
Paypal's hands are tied. They will cut any customer loose that threatens their relationship with the card associations.
Unlawful content had become a problem on Pornhub, as it is on many other tubes. The problem was caused solely by hubris on the part of Pornhub. They believe they can do no wrong and this decision has shown them that there are consequences for not properly moderating content.
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it has nothing to do with unlawful content. this is not what a payment system or a bank have to look for.
the bigger problem for them are the money laundering laws. as long as someone just receives a few 1000 per year it is not a big deal but when the income is getting bigger they HAVE TO get all information about this account owner.
and now guess how many of them will give this information in our industry ?
at the end they are sitting on thousands of accounts "on hold" and have to report all of them by law to the authorities. I am not sure how many people they would need to employ just for that.
paypal is definitely a scam but in this case I understand their decision.