Never celebrate too early, The Fourth Reich always wins.
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No.
TI, I don't think you've spent nearly enough time in corporate America to understand how things work.
When I look at this, I see the telltale pattern of a stupid management decision being overruled when the hard data comes in and says how stupid it would be.
Why would the card companies care about the miniscule level of transaction fees they get from OF compared to the legal risk?
Either someone intervened, or u/guyven is right.
Again, I don't think you have enough experience in corporate America.
I'm gonna draw out how this conversation went down.
Banks Middle Mgmt: "(Hurf hurf), OnlyFans, you need to stop selling porn or we'll cut you off."
OnlyFans Middle Mgmt: "(Whimpering) Okay."
OnlyFans Operations: "Mgmt, if we cut the porn our revenues will drop by 98%."
OnlyFans Senior Mgmt: "(Slams big dick on table) IF WE DO WHAT YOU TOLD US TO DO, WE'LL HAVE TO FILE FOR CHAPTER 7 AND LOSE OUR FUCKING JOBS."
Banks Middle Mgmt: "(Whimpering) Okay, nevermind."
....
Banks Middle Mgmt: "They said no, can we do something?"
Banks Senior Mgmt: "Get out. Next person to interrupt my cocaine lunch gets fired."
But why would the banks care? That's the part that doesn't make sense.
It's about WHO in the banks care.
Who in the banks bullied OnlyFans? It wasn't senior bank management. It was some midwit middle-rank feminist harpy.
And when they get pushback from OnlyFans senior management, they go to THEIR senior management and learn that their initiatives only matter so much as they can push people over with no resistance. When they get resistance, what matters is "is it illegal?" and if it's not then "we don't care".