That should be a myth by now. Would be interesting if e.g. Stripe could share the fraud statistics for onlyfans. The banks probably do this purely to keep up appearances and avoid potential bad PR.
I don't understand who appointed the banks became the keepers of puritanical propriety. They're terrified someone might see a boob or buy some weed, and the weight of the world rests on the banks to prevent that from happening.
> I don't understand who appointed the banks became the keepers of puritanical propriety.
Congress, for one. There's a history of bills that are meant to target trafficking scooping up consensual practices as well (see also the Mann Act, SESTA/FOSTA). I'm not sure how influential the threat of something like this was here, but it can't help:
