Relevant context here: It's cryptocurrency not a "normal" payment platform
Allie Eve Knox, a sex worker and advisor to SpankPay.
Knox has been banned from every mainstream payment app available today, including PayPal, Square, Circle, Cashapp, and Venmo, and uses crypto as a way to continue to live and pay the bills.
Sex workers face near-constant deplatforming, loss of income, and instability in their work as a result of discriminatory financial institutions and laws.
In December, Knox and Ameen Soleimani, co-founder of Spankchain, joined adult industry advocacy group The Free Speech Coalition on Congressional visits to discuss financial discrimination against sex workers with legislators.
This seeems to cross over from 'we dont want your business' into purposefully targetting and harrasing activists.
Maybe their should be investigation to make sure these provideds aren't conspiring?
Sounds like it would end the same if they were a "normal" sex work payment platform.
Now when you say 'but it's only going to be used by the sex industry', you're adding another area of high fraud on top. It's hardly surprising that financial companies want nothing to do with two high-risk sectors sandwiched on top of each other.
Thus they will demand the charge to be reverted and thus, many charges being disputed simply because of people’s prudishness. And then porn site operators have high fraud rates. I wonder if they are also more liable to become victims of card testing.
I think honest people would concede that there are many, many legit issues around chargebacks. But if it's about money, then just say it's about money and everyone can sit down and go to work on finding methods of reducing chargebacks that actually work.