jm + chargebacks   1

Why Shopify Payments prohibit sexual content
Interesting background info from a twitter thread:

@jennschiffer Breitbart uses Shopify Payments, which is built on top of Stripe, which is sponsored by Wells Fargo merchant services AFAIK.
WF has underwriting rules that prohibit sexual content. The main reasons aren't b/c WF or Stripe are interested in policing morals.
Historically there's a higher rate of chargebacks from porn sites, which is why banks are generally anti-sexual content.
Imagine someone's partner finds a charge for pornhub on their credit cars and calls them out on it. The person will deny and file a CB.
Once porn sites started getting shut down by banks, they would change their names or submit applications claiming to be fetish sites, etc
So underwriting dept's decided the risk is too high and generally defer to no with anything sexual.
Most processors aren't inclined to challenge this position on moral grounds since there's strong precedent against it...
...and it could jeapordize their entire payments system if they get shut off.
There are exceptions of course and there are other prohibited uses that are allowed to continue.
twitter  porn  shopify  sex  chargebacks  payment 
9 days ago by jm

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