Re:Patreon Is Suspending Adult Content Creators Because of I...
by dogma1138 on Saturday June 30, 2018 @09:34PM
(#17433601)
CCBill has a “relationship” with First Data which is a very large payment processor and an acquiring bank.
They are also willing to eat the fines that come with supporting merchants with more than 1% chargeback.
The reason why there aren’t many more of them isn’t morality it’s just very hard to maintain profits in this environment.
Patreon will have to pay fines if they have high chargeback rates and those fines are intentionally huge so for them it’s a none-brainer they need to reduce chargeback rates and their adult content creators are likely one of the biggest offenders and even if they are not they are an easy sacrifice to the PCI gods.
They are also willing to eat the fines that come with supporting merchants with more than 1% chargeback.
The reason why there aren’t many more of them isn’t morality it’s just very hard to maintain profits in this environment. Patreon will have to pay fines if they have high chargeback rates and those fines are intentionally huge so for them it’s a none-brainer they need to reduce chargeback rates and their adult content creators are likely one of the biggest offenders and even if they are not they are an easy sacrifice to the PCI gods.