IMO, this is the main reason OnlyFans dropped porn.
In April of this year, Mastercard recently updated their TOS to require merchants in the adult business to comply with impossibly onerous monitoring requirements including realtime monitoring of livestreams. VISA is likely fo follow.
"Farber pointed out that although that oversight is ultimately the responsibility of the site operators, Mastercard now will be holding banks (and in turn ISOs) responsible to make sure this is the case. Mastercard’s requirement that banks “ensure that sellers have documented consent as well as age and identity verification for those involved in the content before being able to process payments,” will result in that becoming “part of the merchant account underwriting process, as well as ongoing site reviews that undoubtedly will be more frequent.”
Segpay’s Cathy Beardsley opined that the changes “impact the entire adult industry, with requirements for all adult content providers, and some more focused requirements for those with user-generated content, which would include niches such as tube, cam, fan and adult dating sites.”
Beardsley explained that according to the new rules, “several new requirements will be placed on all adult sites to support a complaint process for violating content and takedown requests, which must be actioned within seven days, and involve a neutral mediator if the takedown request is denied.”
“Merchants will be required to submit monthly reports on this activity to their Acquirer,” she added.
The rules unveiled yesterday, according to Beardsley, delineate new requirements for user-generated content, including livestreamed content.
“The requirements in this section generally have to do with obtaining a written agreement with each provider addressing illegal activity, written consent from all persons depicted, consent to the public distribution of the content, consent to have the content downloaded and age verification documents,” she elaborated.
“Uploads should only be permitted to verified content providers and all uploads are to be reviewed prior to publication. For streaming providers, monitoring must be in real-time,” Beardsley said."
https://www.xbiz.com/news/258606/heres-what-the-new-mastercard-rules-mean-for-adult-sites-producers
In April of this year, Mastercard recently updated their TOS to require merchants in the adult business to comply with impossibly onerous monitoring requirements including realtime monitoring of livestreams. VISA is likely fo follow.
"Farber pointed out that although that oversight is ultimately the responsibility of the site operators, Mastercard now will be holding banks (and in turn ISOs) responsible to make sure this is the case. Mastercard’s requirement that banks “ensure that sellers have documented consent as well as age and identity verification for those involved in the content before being able to process payments,” will result in that becoming “part of the merchant account underwriting process, as well as ongoing site reviews that undoubtedly will be more frequent.”
Segpay’s Cathy Beardsley opined that the changes “impact the entire adult industry, with requirements for all adult content providers, and some more focused requirements for those with user-generated content, which would include niches such as tube, cam, fan and adult dating sites.”
Beardsley explained that according to the new rules, “several new requirements will be placed on all adult sites to support a complaint process for violating content and takedown requests, which must be actioned within seven days, and involve a neutral mediator if the takedown request is denied.”
“Merchants will be required to submit monthly reports on this activity to their Acquirer,” she added.
The rules unveiled yesterday, according to Beardsley, delineate new requirements for user-generated content, including livestreamed content.
“The requirements in this section generally have to do with obtaining a written agreement with each provider addressing illegal activity, written consent from all persons depicted, consent to the public distribution of the content, consent to have the content downloaded and age verification documents,” she elaborated.
“Uploads should only be permitted to verified content providers and all uploads are to be reviewed prior to publication. For streaming providers, monitoring must be in real-time,” Beardsley said."
https://www.xbiz.com/news/258606/heres-what-the-new-mastercard-rules-mean-for-adult-sites-producers