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There's nowhere they can go and nothing they can do, without dipping into some REALLY shady partners that would probably fold before long anyway. "High risk" processors don't help: they exist to handle chargebacks, not to avoid CCCs decrees from on high. If the grand gods of banking throw you out, there are no alternatives for a law-abiding person. Itch, like Steam is in the spotlight now, which makes them radioactive. No one will go anywhere near them. Which was exactly the intention of the scumbags that did this.

The only glimmer of hope is that people have the memory of goldfish, especially these days. Given enough time, that spotlight may fade. But that does nothing to undo the damage that's already been done.

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But Patreon and Steam made a  work around. For example Patreon has age verification  and says exactly  what kind of NSFW is OK.  It's better than omitting all NSFW from making profit

Patreon has, right this minute, many games and other content that are explicitly against CC TOS. The ONLY reason this is the case is that they do what platforms have done for years now: turn a blind eye and hope the processors don't notice/raise a stink. Which only works until a Collective Shout comes along. Because of this arrangement, they are anything but clear about what's acceptable, and what is "acceptable" is unstable, which is why for the past year or two (and really since Pateron's inception) the circle of what you can post on Patreon has been getting smaller, and smaller, and smaller.

Same story for Steam, except worse/more strict. The "Workaround" for Steam and Patreon is to a. whistle past the graveyard and b. axe all but the most generic, middle-of-the-road inoffensive content, something like Barely Working (which despite that rather backhanded compliment is a great game, check it out!). If Itch purged everything but hot (HUMAN) milfs having totally normal consensual straight sex in the missionary position, yes, payment processors would (probably) be okay with it...for now. But that would kill the whole point/vibe of the site, which is to share weird, offbeat creative stuff.

The gun to Itch's head is the same gun pointing at every major platform right now: you WILL enforce normality. You WILL allow only thought, expression, "creativity" that is as bland and inoffensive as possible. Or you will cease to exist, because no business can operate once it's cut off from money. Free speech, free expression, the First Amendment etc have effectively become meaningless, because Visa and Mastercard have crowned themselves as a fourth branch of government, and an untouchable one at that.

We are watching the total destruction of the free internet. Porn is just one small chunk of it.