“Hello from the other side.” Why adult/findom payments are so difficult.
Photo by micheile dot com on Unsplash
It’s very frequent in the Findom Twitter space (and online adult services space more widely) to hear of problems with payments. People often find their Cashapp accounts closed, Paypal accounts suspended or their card company blocking their transactions.
In some extreme cases, (like the recent suspension of Tributify by Stripe for example) entire websites can have their services withheld, cancelled or closed by their payment acquirers/processes with very little notice or reason as to why.
Quite often, I see people extremely upset about such cases. Its understandable. But often, they believe there are reasons for such events that might not be quite true in my experience.
Having worked in the electronic payments space for over 17 years (in cards and banking payments), I quite often have been “in the room” or around the people who make such decisions. What it often comes down to is a very cold decision about risk vs money. Getting that balance right yields great profits. Getting it wrong brings disaster.
Let me try and explain and show you what I mean with a little bit of a story , with you as the protagonist.