For reasons beyond this ask, I'm needing to use a payment processor that is fine with high-risk transactions (which the porn industry certainly fits in) so started looking around what adult websites are using.
Many are using probiller, vendo and similar, since Stripe and others have rules against porn/adult industry, citing high risk transactions for this.
But then I came across onlyfans.com, which is using Stripe for its payments, although Stripe has a strict "no porn" rule in their terms of service.
How does this work? Onlyfans is by now a huge website, with lots of transactions, so it's surely not flying under the radar. It's the only adult website I could find that is using Stripe.
Is it as simple as they have an agreement with Stripe to bypass the rule? Or am I missing something else obvious here?
We built an adult ecommerce site (purely toys for purchase, no porn) and because other adult toy sites had been successful on Stripe, Stripe assured us this wouldn't be a problem.
Six months and several million dollars processed later, Stripe informs us we're going to be deplatformed because Wells Fargo (their banking partner) had reviewed our account (apparently because of its volume) and determined we violated their standards because of the nature of the toys.
We did a bit of back and forth where Stripe suggested we alter the colors available (seriously) to assuage Wells Fargo's puritanical concerns, and Stripe insisted it wasn't _their_ moralizing, but rather Wells Fargo (paragons of fucking virtue as they are), but we weren't willing to compromise on the nature of our product or have our product's options or colors dictated to us by one of the most corrupt banks on the planet.
We ended up deplatforming and moving to a high-risk processor who was willing to match our competitive Stripe rate. That processor sucks and their fraud protections are weak and their interface is garbage, but they're not telling us how to run our business.
Was mostly disappointed that we went through an arduous review process with Stripe beforehand and received assurances we'd be fine since our chargeback rate is insanely low and we ship actual physical product and have no nudity on our site, but alas.