Visa/Master collect higher fees from merchants with high chargeback rates, so I'm pretty sure the CFO is still happy. I agree with the fact that they are all about money, but don't see how they lose money on adult content. This still seems very suspicious to me.
Fee structures don't scale to infinity with chargeback risk. They cut off very high risk merchants. It's the same reason cloud providers need you to request GPUs instead of exponentially raising prices to absorb cryptocurrency fraud losses.
Yeah, maybe they say its because of chargebacks as PR speak, but payment processors already cover for that with higher fees & extra risk assessment fees for businesses with a higher rate of chargebacks. If they are losing money because of a higher rate of chargebacks from adult content, then they designed their fee structure poorly.
That would be a valid point, except something like Steam isn't going under anytime soon over chargebacks, and they could demand larger reserves if they're afraid of that.
