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If they take no action, those looking to shut down credit card access to illegal or controversial industries say card company inaction makes the social problems worse.Understandably, the big three keep their cards pretty close to their chest when it comes to explaining their decisions.
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“These sites are often some of the best options for new sex workers, for those that perhaps can’t afford to pay the ad costs for more exclusive websites.” This delicate dance is nothing new to the big three card brands.
They’ve been under pressure from lawmakers, law enforcers and public interest groups for years to cut off payment access to online industries that offend moral sensibilities, including gambling, gun sales, medical and recreational marijuana, and a running list of hackers du jour.
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"We don’t want Anarchy in banking – but we do want change," Virgin Money's Jayne-Anne Gadhia said with a straight face.
Workers in Australia’s adult sex trade certainly don’t think so.
credit card companies impose American morals on other countries?
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