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A comment on Stripe has decided to nuke my entire business. Parent comment

Re:Stripe has decided to nuke my entire business by themoonisachees on Thursday September 15, 2022 @03:57PM (#32857676)
Cannabis is federally illegal, sex toys and porn have incredibly high chargeback rates and crypto has this handy thing where since you can't reverse anything, as soon as the crypto you bought is out of the custody wallet you cant get the thing back so the chargeback rates are also very high.

Don't believe me? Ask anyone at the front desk of a hotel the rate of attempted chargebacks for ppv porn.

You can get vetted by banks, visa and co for those things (maybe not cannabis with US companies) but the fees are considerably higher because of the chargeback rates. This is why onlyfans announced then backtracked the porn ban, visa told them "either you're paying us like you distribute porn, or you stop doing it".

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Re:Stripe has decided to nuke my entire business by jesterson on Friday September 16, 2022 @01:15AM (#32862370)
If it's the case, perhaps it makes more sense to block based on chargeback rate (that's actually what payment processors are doing) instead of blocking on nature of business?
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Re:Stripe has decided to nuke my entire business by remram on Friday September 16, 2022 @09:14AM (#32865653)
This seems incredibly obvious, and would probably be fairly easy once your business picks up volume. That or make you absorb the charge backs yourself, or via an independently-contracted insurance.
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Re:Stripe has decided to nuke my entire business by remram on Friday September 16, 2022 @09:02AM (#32865524)
> the front desk of a hotel the rate of attempted chargebacks for ppv porn

To be honest this seems more like a hotel problem than a porn problem. E.g., I viewed it by mistake, I didn't understand the pricing, etc. I would expect that there is a similar amount of complaints about the hotel room's minibar and snacks that are lying there but charged an incredible rate afterwards if touched.

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