"We don't want to be the moral police, but won't do business with you if you're a brand risk, such as a sex toy store"
It seems like the opening paragraph directly contradicts their policy
It seems like the opening paragraph directly contradicts their policy
There are quite a few stories about porn stars having their credit cards closed just because of how they make a living.
There is a portion in there that mentions Stripe sees this regulation as "overly moralistic" and that credit card companies have "old school morals".
The excuse given here for this instance (OMGYes) is directly from the POV of Stripe, not their mysterious shady partners holding them back.
From my POV, they may not have meant it that way, but in this day and age there's always tradeoffs to actions. They opted for the economical one (work with partners) at the expense of making an actionable statement ("we refuse to work with X because of Y"). Words are cheap and they are just cashing in on the modern doublespeak: speak for change in the "honest and open" way but keep your actions opaque so all people can really evaluate is the positive sentiment.
Nothing wrong with this, more positive discussions are needed. But I don't weigh them as heavily positive as others.