This topic explores the challenges and discrimination faced by webcam models and other professionals in the adult industry when dealing with banking institutions. Members share experiences and insights on how banks, particularly in Australia, have closed accounts or refused services to those in the adult industry, raising concerns about the broader implications for financial access and fairness.
- Discussion begins with an observation on Australian banks, including NAB and Paypal, closing accounts of sex workers and questions whether webcam models face similar risks.
- A distinction is attempted between online work and other forms of sex work, though confusion remains regarding the banks' stance on morality versus the legality and taxation of such jobs.
- The debate continues with a clear statement affirming that camming is indeed considered sex work, pointing out the high chargeback risks associated with the industry rather than moral judgment from the banks.
- A significant contribution includes a link to an article discussing the issue and highlighting the support from the Australian small business ombudsman for the adult industry.
- There is a discussion on the real reasons behind account closures, including reputational risk and the influence of major credit card companies, suggesting a systemic bias against the adult industry.
- A counterpoint is made regarding the ability of adult industry businesses to secure merchant accounts with major financial services, questioning the consistency of banks' moral arguments.
- The conversation wraps up with a reflection on the importance of financial clout over moral scrutiny, suggesting that significant deposits could potentially sway banks' policies towards the adult industry.
Throughout, the discussion reflects a mix of frustration, defiance, and strategic thinking among professionals seeking equitable financial services.