An Open Letter to Patreon

Re:An Open Letter to Patreon by ineednoprocrast on Wednesday October 25, 2017 @10:21AM (#15550311)

I heard a story a while ago about how marajuana-related companies in colorado formed some financial institution in order to deal with being blocked out of the wider financial ecosystem.

The piece of the puzzle I don't understand yet is why credit card processors appear to have taken it upon themselves to be the moral police. They could very easily make the argument that the use of money transferred isn't their problem. That seems to have worked for the NRA. Why did they get into the business of kinda-sorta-but-not-really representing the police?

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Re:An Open Letter to Patreon by Mz on Wednesday October 25, 2017 @01:07PM (#15551882)

It has absolutely nothing at all to do with being the moral police and everything to do with living in fear of serious, potentially business-killing consequences for failing to comply with federal laws, rules and regulations.

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Re:An Open Letter to Patreon by whamlastxmas on Wednesday October 25, 2017 @10:49AM (#15550581)

I don't think card companies and banks are trying to be moral police, they just don't want to be in the business of holding drug money that the feds can then seize.

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Re:An Open Letter to Patreon by whipoodle on Wednesday October 25, 2017 @11:59AM (#15551218)

It’s about money not morals. Porn is associated with much higher fraud and chargeback rates than other commercial sectors.

It’s always about money. It is always, always about money.

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