376 sats \ 6 replies \ @RdioActiv 3 Jun 2023 \ on: Onlyfans has 50x more revenue than Substack. Why don’t we built a ⚡️ version? bitcoin
The porn industry is built off of Credit Card payments that are incredibly difficult to cancel. Lightning would cost them revenue.
Credit card payments are easily challenged. That's one of the reasons people use them. It is impossible to reverse a lightning payment. I agree it probably can't be the only payment method now, but it makes sense to offer the option.
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Credit card charge backs are a massive problem for ordinary e-commerce retailers, so I imagine they are a huge problem for porn sites.
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Yes, but think of all the porn watchers that would be too embarrassed to call their credit card company. It's those customers that rake in the dough.
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I imagine the possibility of a guy who uses the services, then claim the card details were stolen, and that he is a fraud victims. Especially if his wife starts questioning charges.
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that are incredibly difficult to cancel
care to elaborate?
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Interesting. Hadn't considered this, but would make sense that this could easily exceed the difference in fees & taxation.
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