I don't know, but I would assume this is because payment processors uniformly refuse to handle payments for a number of legitimate customers, such as sex workers. Which is yet another reason we need something like a common carrier law for merchant services.https://twitter.com/inputmag/status/1428421204055052296 …
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Therefore, a "common carrier, limited liability" law that gives payment processors legal immunity from resulting damages in exchange for requiring them to offer equal access to business types would be a step in the right direction.
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this analysis explains a lot of what i found legitimately confusing about the whole thing, i think you're spot on
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The pressure is usually from the DOJ itself, i.e.https://en.wikipedia.org/wiki/Operation_Choke_Point#Details …
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When I worked in payments, we were told it was because those industries had very high chargeback rates. There were payment processors that would work with them for a higher fee. That list from Stripe is just a restatement of the list they got from their acquiring bank partner.
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