PayPal‘s making a ton of adult performers moan, and not in a good way because it’s putting an end to processing payments on Pornhub.
The devastating news for independent porn actors was announced late Wednesday night when PayPal decided to join several other banks and apps refusing to help them get paid for personal video clips posted on the porn site.
Pornhub allows independent performers to upload and sell their own videos, but they need a method to collect money from users. Financial institutions like JP Morgan Chase, Bank of America, Capital One, Square and Venmo have been out of the Pornhub biz for awhile … so PayPal was one of the last remaining ways for performers to get paid.
Not anymore … Pornhub says it’s devastated by PayPal’s decision to stop payouts “to over a hundred thousand performers who rely on them for their livelihoods.” The platform is now scrambling to help performers who have pending PayPal payments.
PayPal hasn’t said exactly why they’re bailing, but the other financial institutions started making the same move after Congress passed the Fight Online Sex Trafficking Act in 2018.
This is the latest blow for Pornhub, which just last month cut off all content from Girls Do Porn — a separate company that was accused of coercing dozens of women into adult videos.
We’ve reached out to PayPal … so far, no word back.