The problem is that the industry is ripe with fraud, even from what were legitimate customers. I listed some examples elsewhere, but I'll repeat:
* Money laundering by people making anonymous accounts with stolen credit cards and then selling them to people using crypto (so that they're not associated with the account).
* Customer's spouses/SO finding out about it and the customer claiming fraud to chargeback and cover it up.
* (More OF specific) Customers making a large payment for custom content and then filing a chargeback after they get it. This is more or less a problem with all digital goods, but probably more of a problem with custom content.
Most banks/payment processors don't want to touch this industry since it poisons their image to others in the network. For example, if Stripe started serving the industry and fraud went up, that ruins Stripe's image to all the banks they interconnect with. It's just segment that isn't worth serving at the expense of all your other markets.
Even if someone made a bespoke payment processor for the industry, banks would just stop working with them.
In reality, the fraud problem really needs to be dealt with first. If your "customers" are going to be bad actors then there's really nothing you can do on the payment side to solve that.
* Money laundering by people making anonymous accounts with stolen credit cards and then selling them to people using crypto (so that they're not associated with the account).
* Customer's spouses/SO finding out about it and the customer claiming fraud to chargeback and cover it up.
* (More OF specific) Customers making a large payment for custom content and then filing a chargeback after they get it. This is more or less a problem with all digital goods, but probably more of a problem with custom content.
Most banks/payment processors don't want to touch this industry since it poisons their image to others in the network. For example, if Stripe started serving the industry and fraud went up, that ruins Stripe's image to all the banks they interconnect with. It's just segment that isn't worth serving at the expense of all your other markets.
Even if someone made a bespoke payment processor for the industry, banks would just stop working with them.
In reality, the fraud problem really needs to be dealt with first. If your "customers" are going to be bad actors then there's really nothing you can do on the payment side to solve that.