Tharkun on Jan 25, next [β]. The problem with major Credit Card companies is that they're all American and that the US of A is incredibly moralistic.
For the sake of convenience, I'm considering PayPal to be part of the same club of moralistic knobs. As soon as you accept money for anything one of these FOUR! You'll be forced to stop using them, and as soon as you do you'll see your revenue drop dramatically. And why? All because a couple of old men in suits think that they know what's "acceptable". Nevermind the legalities. PayPal makes it impossible to sell pornography, which is perfectly legal in large parts of the civilized world. It's not just moralistic.
Porn sites have crazy high fraud rates that make them very unpalatable from a business perspective. If that logic was the case, they'd simply have a fraud metric that if you exceeded you'd have your account disabled. As someone who works at a company where we literally have thieves testing cards on our site on a daily basis, any site that accepts credit cards has a high rate of frauds as thieves test cards.
Somehow, we manage not to pass these cards to credit card processors and no, I don't mean we use Stripe. I mean we have our own in-house anti-fraud process since we deal with the processors through a merchant account at a major bank like FL does.
Porn companies have filtering in place as well for the same reason. It would be a solid metric instead of "morality" if the cause was what you believe it to be. Do you have a large percentage of people who legitimately buy stuff from your website later claim they didn't? This is not your standard fraud model: with porn you see a remarkably large amount of "oh shit, someone usually my significant other with whom I share my finances just saw this charge on my card, which is totally not OK for whatever reason, so I guess my best strategy here is to totally disavow the charge and pretend it was credit card fraud".
