PayPal stops processing Pornhub payments for models
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Payments processing giant PayPal has cut off services for adult entertainment site, Pornhub.
In a Wednesday night blog post, Pornhub said it is "devastated by PayPal's decision to stop payouts" adding that "over a hundred thousand performers" on the website rely on these payments for their "livelihoods."
A PayPal spokesperson told VICE's Motherboard that “Following a review, we have discovered that Pornhub has made certain business payments through PayPal without seeking our permission. We have taken action to stop these transactions from occurring."
In April 2018, Pornhub announced it was going to support cryptocurrency payments in collaboration with privacy coin Verge.
AUTHOR
Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi
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