Tag Archives: Money

The Soapbox: Porn Stars Learn They Can’t Bank On Chase

chase-bank-042214

I’ve written before about issues around payment processors and the sex industry, how businesses like Paypal, WePay and Google Wallet were shutting anyone they suspected of sex work out of using their services.

Well, turns out that a trickle down effect is happening within the banking world, as Chase recently sent letters out to hundreds of porn performers telling them their bank accounts would be shut down May 11th. Perez Hilton posted a photo of one of these letters from adult performer Teagan Presley, and while I am somewhat loath to link to his blog, I think it’s important to read the language. You’ll notice that Chase never specifically cites adult work in their decision, just that they “reviewed the account and determined that we will be closing it on May 11, 2014. Please accept our apologies for the inconvenience.”

I’m sure they’re terribly sorry. Just as they were really apologetic for refusing to process payments for Lovability CEO Tiffany Gaines. Her crime? Selling condoms, because they’re “adult-oriented material”. The same adult oriented material, of course, as Trojan, who could process their payments with no issues through Chase, but never mind. As long as they’re really sorry about it. Keep reading »

The Many Stages Of Doing Your Taxes (In GIFs!)

The Many Stages Of Doing Your Taxes (In GIFs!)
Last Minute Tax Tips
Here's some straightforward advice on how to do your taxes. Read More »

Oh, tax season. Doing my taxes stresses me the hell out: I do so much freelance writing that I have one million forms. And trust me, if you screw up your taxes — even unintentionally — the IRS will hunt you down like a dog. I always say this year will be different, this year I’ll do it all by myself on TurboTax. Instead, I just hyperventilate for weeks.

Anyone else with me on this?

Keep reading »

The Soapbox: How PayPal & WePay Discriminate Against The Adult Industry

pay pal sex work

I was packing my bags, looking forward to a week trip to the Feminist Porn Awards and the Feminist Porn Conference, having finally earned enough through my Patreon patron-funded writing to travel and have a bit of a cushion when I got back. Payments would be processed at the beginning of the month, and I welcomed the assurance of my first paycheck that would pay my rent. I was finding it refreshing to be making a living (albeit barely) through getting paid to write on my experiences in the sex industry, giving me some hope that I could transition out and still survive financially. Finally I was getting paid for my writing… not in “exposure,” but in rent money!

That’s when I got an email from Patreon, saying that the payment processor PayPal had threatened to shut down all integration with their site because it contained “adult content.” The email stated:

“[A]s you can imagine, this would be detrimental to creators — hundreds of thousands of dollars were to be ‘frozen’ unless we flagged all adult content pages, made them private, and removed Paypal functionality from their individual pages… I’m so sorry that we had to do this without warning you first, but it was SUCH an emergency! We simply had to take action to avoid a situation where creators would lose hundreds of thousands of dollars of legitimate pledges.”

Patreon emailed all of our patrons to warn them and suggested we also email them to ensure payments went through as usual at the beginning of April. While Patreon was open to artists creating work that was adult in nature, their hands were tied. And not in a kinky way. Keep reading »

Life After Dating: The Pros And Cons Of Not Sharing Money

Life After Dating: The Pros And Cons Of Not Sharing Money

So you’ve finally found The One (or at least The One For The Foreseeable Future) and you’ve committed to a serious relationship. Now what? In our weekly column, Life After Dating, women discuss the unique joys and challenges of coupledom.

My boyfriend Nick and I have been together for nearly 10 years, lived together for 8 of those, and still keep completely separate bank accounts. We’ve been sharing expenses — rent, groceries, gas, car insurance, etc — for a long time, but whenever we talk about actually pooling our finances, it just doesn’t feel right. Not sharing a bank account works for us, but that’s not to say it doesn’t come with some drawbacks. Here are some of the pros and cons of keeping your money separate when you’re building a life together… Keep reading »

Study: When The Rich Marry Each Other, It’s Bad For The 99 Percent

scrooge diving gold coins

Forget about marrying rich if you’re not rich already: a new study as found that the tendency to choose a spouse with the same income or education level has increased greatly in the past 50 years and it has actually affected the state of income equality in the U.S.  Keep reading »

Rich People Tire Of Yachts, Move On To Luxury Submarines

Rich People Tire Of Yachts, Move On To Luxury Submarines
Travel In Style!

Newsflash to nobody: crazy-rich people loooooove frivolous shit. After all, there are only so many practical items and experiences you can spend money on before it’s like, hey, bring on the fucking big cat room. (I know, I know, just because that’s what I would do with my extra millions doesn’t mean it applies to everybody.) Combine loads of money with showy aesthetics and that other beloved rich person thing, Travel, and what do you get? Yachts!

But daddy, everybody’s got a yacht … and as of last weekend’s Monaco Yacht Show, there’s something even grander than a humble yacht with which to show off your ridiculous wealths. Bert Houtman, founder and chairman of the Netherlands-based U-Boat Worx, gets it. He says, “There is a change in attitude of super-yacht owners. They’re fed up with drinking white wine and riding jet skis, so they’re looking for another thrill.” And what better thrill than an “underwater plane,” which can be attached beneath your silly old yacht and then taken for a spin up to 1000 meters below the surface? It all sounds impossibly appealing, and yes, impossibly thrilling, and relatively cheap in the $1.5 to $4.2 million range, but isn’t the entire point of a yacht is that lesser humans can look on in class envy? Submersibles, on the other hand, are submerged. Just don’t tell that to the clientele. [Refinery29]

  • Zergnet: Simply Irresistible

  • HowAboutWe

  • Popular