To all the people saying "fraud" is the reason - think that through.
Do you really, really think fraud and chargebacks for games covering specific fetishes on Steam have even the tiniest iota of relevance here?
Steam readily offers refunds for a multitude of scenarios!
Valve is also large enough to make itself known to payment processors to not be erroneously lumped in with seedy merchants.
From my understanding, VISA and Mastercard have relatively vague rules that payment processors must follow and payment processors must interpret that based on their own risk tolerance of adverse action being undertaken against them by VISA and/or Mastercard for not following the vague rules in the manner VISA/Mastercard interpret them as at a given point in time.
This is how you end up with situations where both payment processors and the big credit card networks point at each other when politicians ask "why are you withholding financial services from (insert company here)?" and, technically, both entities are correct at pointing the fingers at each other.
There's other factors with respect to contract law in a global economy spanning varied jurisdictions that add additional wrinkles, but I'm skeptical they're the culprit in this specific case
Do you really, really think fraud and chargebacks for games covering specific fetishes on Steam have even the tiniest iota of relevance here?
Steam readily offers refunds for a multitude of scenarios!
Valve is also large enough to make itself known to payment processors to not be erroneously lumped in with seedy merchants.
From my understanding, VISA and Mastercard have relatively vague rules that payment processors must follow and payment processors must interpret that based on their own risk tolerance of adverse action being undertaken against them by VISA and/or Mastercard for not following the vague rules in the manner VISA/Mastercard interpret them as at a given point in time.
This is how you end up with situations where both payment processors and the big credit card networks point at each other when politicians ask "why are you withholding financial services from (insert company here)?" and, technically, both entities are correct at pointing the fingers at each other.
There's other factors with respect to contract law in a global economy spanning varied jurisdictions that add additional wrinkles, but I'm skeptical they're the culprit in this specific case