Patreon Is Suspending Adult Content Creators Because of Its Payment Partners

Re:Patreon Is Suspending Adult Content Creators Because of I... by FooBadDev on Sunday July 01, 2018 @04:00AM (#17434604)

Please do look outside US market. In India two factor authentication via a text message to bank registered mobile number of the customer is mandated by law. Chargebacks here are virtually unheard of, probably most customers here don't even know what a 'chargeback' is.

The US is keeping its banking system primitive intentionally, as the government is hand in glove with greedy banks. Sending money whether to a business or an individual is free in India, for both parties.

[ Parent | on HN ]

Re:Patreon Is Suspending Adult Content Creators Because of I... by stealthmodeclan on Sunday July 01, 2018 @07:00AM (#17435068)

Not having a process for chargeback removes buyer protection. This will make people risk averse and only deal with big and trusted companies like Amazon and Flipkart.

But in the US, I give my card to many small businesses knowing that I've chargeback as a tool. The businessess also ensure quality and delivery timing because payment processor is closely monitoring their chargeback rates.

One friend told me that in India, banks can freeze your account without a court order, I am not talking about a loan or credit card default.

Sending money is never free, there is always a cost associated with the activity. So which exact transaction is free?

[ Parent | on HN ]