domingo, 27 de mayo de 2018

Stripe processing over $30MM for Porn Websites Onlyfans.com? entrepreneur how earn by blogging blog

Is Stripe becoming more friendly towards porn websites? Per their Terms & Conditions Stripe prohibits any and all businesses/services in the adult & pornography space. However it seems like they're making a few exceptions.Stripe is processing payments(well over $30M) for websites/apps fronting as social media networks, but in reality are pornographic social networks, where amateurs and professional porn stars sell subscription access to their content: OnlyFans.com, ConnectPal.com, Patreon.com & Peeks App. Here are example pages on Onlyfans.com. (NSFW)

If you hashtag search 'onlyfans' these are the results(NSFW):

How I know Onlyfans.com processes these transactions via Stripe's Checkout and Connect APIs.

OnlyFans.com claims to have paid out over $30M to their creators, if that is the case, with a 20% platform fee. that means Stripe must have processed at least $37.5M on behalf of Onlyfans.Again straight from Stripes Terms & Conditions page around Prohibited Businesses:

Adult content and services Pornography and other obscene materials (including literature, imagery and other media); sites offering any sexually-related services such as prostitution, escorts, pay-per view, adult live chat features

If Stripe is going to prohibit businesses in the gambling space, and high risk businesses, then they should consistently monitor and underwrite their supported businesses.

submitted by /u/bluelight12
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