Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

AFAIK a relevant credit card company said "we haven't done anything"


Well Mastercard did update their rules. They did not specifically go and say anything to onlyfans but onlyfans investors/banks looked at the new rules and interpreted them as "well this is now super risky of being shut down at any time" and stopped pumping in more money / loans. Only way to continue from there is to get an actual promise/contract from the processor that no we will not shutdown your stuff on a whim. (or the nuclear option of getting rid of this risky content)

Here are the updated rules https://www.mastercard.com/news/perspectives/2021/protecting...

Basically starting October 15th every new piece of content uploaded to OnlyFans needs to be reviewed and have age verification done for all the people involved.


But if I'm an investor, I would be worried that Visa/Mastercard could get pressed by one of the anti-porn groups at any moment, and then poof, there goes my investment. It's better from a risk perspective to go ahead and get OF into compliance by banning adult material before buying into the platform.


> It's better from a risk perspective to go ahead and get OF into compliance by banning adult material before buying into the platform.

Except, there would be nothing left to buy.


Lol, you're right, but some folks don't think that far ahead. And if the owners of OF want to eat at the financial trough, their only option might be to try to see what they can get away with.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: