Will FOSTA/SESTA have any effect on bank payments?

[sexysally666]

I have been reading through some threads about various payment options shutting down in the aftermath of the enactment of FOSTA/SESTA. I used FCP for some of my cam accounts, but most of my income comes from Chaturbate and gets deposited into my US-based bank account. I am wondering if this legislation will affect those who receive ACH payments, and if so, does anyone know how? Will it be contingent on the decisions of individual banks?

I apologize if this question has already been raised. If there's another thread that addresses it, please feel free to just direct me there. Thank you.

 

[BiancaBaker]

I would read your Bank's TOS. I went in and asked for one- they were very nice and gave it to me with no questions. As I read I got more mad but not all USA banks are sex worker friendly so please read the TOS. There are banks like Citi Bank which have nothing in the TOS so there are banks that do not care. In all reality they are getting there money so normally they do not care.


edit to add: I was also super blunt and called Citi bank and told them I was a online sex worker (I said this multiple times) and would I have any issues if I set up a bank account. The lady assured me I was fine and sent over the TOS so I could read them. I do not have a Citibank in my area so I had to call or I would have just went there like I did with Citizens, TD Bank, and BOA- I wanted to get ALL TOS so I could read through them

 

[TajaEthereal]

I have been reading through some threads about various payment options shutting down in the aftermath of the enactment of FOSTA/SESTA. I used FCP for some of my cam accounts, but most of my income comes from Chaturbate and gets deposited into my US-based bank account. I am wondering if this legislation will affect those who receive ACH payments, and if so, does anyone know how? Will it be contingent on the decisions of individual banks?

I apologize if this question has already been raised. If there's another thread that addresses it, please feel free to just direct me there. Thank you.

This is a great question. And the truth is no one really knows what will happen for sure, at least not right now. The department of justice brought an end to Operation Choke Point in 2017, but who's to say that banks aren't still upholding their discriminatory polices?

Operation Choke Point was a 2013 initiative of the United States Department of Justice, which would investigate banks in the United States and the business they do with firearm dealers, payday lenders, and other companies believed to be at higher risk for fraud and money laundering.

During that time many adult performers were grouped in as high risk and lost their bank accounts as a result. Chase Bank was one institution notorious for closing bank accounts. So if you have Chase account I would not send adult payments to them. I think Bank Of America was another one? I don't think sex workers were the intended target for Operation Choke Point, but we definitely felt the pinch. It was mostly created to go after firearms and payday loans. I had an instance where my bank questioned me on the phone about a few ads I placed with my own money! Imagine having to explain an ad titled "Big Titty Skype Shows With Sloppy BJ's, Come Get It!!" for free!

Look into getting something like Netspend to receive ach payments from adult companies. I also hear that Wells Fargo is okay with online sex workers,now. But they have other issues going on with them creating accounts without their customers consent. Crazy times.

Those links go to articles with more information about each incident.

 

[SaffronBurke]

I'm guessing that if my small-town bank had an issue with me camming, my account would have been closed when I started back in 2011.

 

[Guy]

You should read your banks account holder agreement.

 

[Guy]

This is a great question. And the truth is no one really knows what will happen for sure, at least not right now. The department of justice brought an end to Operation Choke Point in 2017, but who's to say that banks aren't still upholding their discriminatory polices?

Operation Choke Point was a 2013 initiative of the United States Department of Justice, which would investigate banks in the United States and the business they do with firearm dealers, payday lenders, and other companies believed to be at higher risk for fraud and money laundering.

During that time many adult performers were grouped in as high risk and lost their bank accounts as a result. Chase Bank was one institution notorious for closing bank accounts. So if you have Chase account I would not send adult payments to them. I think Bank Of America was another one? I don't think sex workers were the intended target for Operation Choke Point, but we definitely felt the pinch. It was mostly created to go after firearms and payday loans. I had an instance where my bank questioned me on the phone about a few ads I placed with my own money! Imagine having to explain an ad titled "Big Titty Skype Shows With Sloppy BJ's, Come Get It!!" for free!

Look into getting something like Netspend to receive ach payments from adult companies. I also hear that Wells Fargo is okay with online sex workers,now. But they have other issues going on with them creating accounts without their customers consent. Crazy times.

Those links go to articles with more information about each incident.

Chase used to have a "morals clause" in their account holder agreement. When I opened a checking account with them last july, the "morals clause" wasnt there anymore. https://www.courthousenews.com/look-whos-talking-porn-mogul-tells-bank/

 

[BiancaBaker]

I'm guessing that if my small-town bank had an issue with me camming, my account would have been closed when I started back in 2011.

I have been stressing - I want to find a sex friendly bank. Citibank looks like the best one. @Guy is right look for a moral clause in your bank's TOS. It should be there deff. BOA just added it a while ago... I'm so nervous.

 

[Guy]

I have been stressing - I want to find a sex friendly bank. Citibank looks like the best one. @Guy is right look for a moral clause in your bank's TOS. It should be there deff. BOA just added it a while ago... I'm so nervous.

Ive heard that U.S. Bank has a history of closing sex workers accounts.

 

[Guy]

MasterCard supported FOSTA/SESTA.
Https://wagner.house.gov/media-cent...kes-major-step-forward-in-fight-to-end-online

 

[SaffronBurke]

I have been stressing - I want to find a sex friendly bank. Citibank looks like the best one. @Guy is right look for a moral clause in your bank's TOS. It should be there deff. BOA just added it a while ago... I'm so nervous.

This is a bank that called me the first time I made an online purchase, to make sure it was me. There's also a nosy teller who thinks she's better than everyone in town because she knows where everyone works and how much they make due to seeing their paychecks. I can just about guarantee that they've googled all of the places sending me direct deposits, and would have closed my account if there was such a clause.

 

[Ambers Troll]

Banks who profit by taking a fee or charging for a transfer relating to the sex industry transaction would presumably be at risk under FOSTA. If they remove that fee/ charge from a sex industry transaction then they are safe. If they don't know that the transaction was a sex industry transaction (say by using a 3rd party who accepts the risk) then they are safe. They could also choose the BAU option with a slight fee increase to insure themselves.
Wonder what they will choose? Someone will profit from all of this.

 

[TajaEthereal]

This is a great question. And the truth is no one really knows what will happen for sure, at least not right now. The department of justice brought an end to Operation Choke Point in 2017, but who's to say that banks aren't still upholding their discriminatory polices?

Operation Choke Point was a 2013 initiative of the United States Department of Justice, which would investigate banks in the United States and the business they do with firearm dealers, payday lenders, and other companies believed to be at higher risk for fraud and money laundering.

During that time many adult performers were grouped in as high risk and lost their bank accounts as a result. Chase Bank was one institution notorious for closing bank accounts. So if you have Chase account I would not send adult payments to them. I think Bank Of America was another one? I don't think sex workers were the intended target for Operation Choke Point, but we definitely felt the pinch. It was mostly created to go after firearms and payday loans. I had an instance where my bank questioned me on the phone about a few ads I placed with my own money! Imagine having to explain an ad titled "Big Titty Skype Shows With Sloppy BJ's, Come Get It!!" for free!

Look into getting something like Netspend to receive ach payments from adult companies. I also hear that Wells Fargo is okay with online sex workers,now. But they have other issues going on with them creating accounts without their customers consent. Crazy times.

Those links go to articles with more information about each incident.

It looks like we may be headed for Operation Choke Point Pt. 2 with the End Banking For Human Traffickers Act