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Because it's Visa and Mastercard saying no, not the banks.

Visa and Mastercard allow adult. They just force you to pay the "high-risk" category. Which is much higher fees. OF can't get away with only charging models 20% if credit card processing is taking more than half of that.

I suspect they are currently not classified as adult and the banks are saying, look, you are almost entirely adult so you have to pay us more.

I mean, yeah, that's one of the mechanisms. Charge you close to an order of magnitude more for being "high-risk", while also putting all the actual risk on you as well. Visa/MC are more than compensated for each chargeback with the additional fees the charge the vendor for each chargeback.

And this is typically offset by maintaining a rolling-reserve too. Any merchant doing over 200K in transactions is considered high risk.

Do people chargeback the 50$ they spend on OnlyFans?

Besides PR in the age of revenge porn, what's the technical or legal element which changed compared to 2019?

Can't be social because if anything society is in love with porn.

It shouldn't matter from Visa/MC's perspective because they put the cost of chargebacks (and more) on OnlyFans.

For some reason payment processors have always viewed themselves as morality police.

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