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You do know that the US is working for years on similar laws?
Let's see, American Express....yup, very similar polices. Looks like they allied with mastercard and visa to shut down some porn thing called "backpage" all the way back in 2015
Discover....yup, same deal. Discover was allied with visa and mastercard in trying to shut down porn hub in 2020.
I don't think you are going to find a payment processor that is okay with the stuff steam was selling. I've been looking at the terms of payment processors lately, just because I was curious if there was an actual alterative. Even the EU ones all have similar rules.
It's as simple as that.
Imagine if your electric, gas or water company could stop your services because they don't like something you are doing, even though you are breaking no laws...
These processing and card companies must be put under very strict regulation that legally forces them to treat all transactions equally and without bias or discrimination and prevents them from denying service for lawful transactions if they are to continue to hold such key roles in the functioning of our societies.
"You get the society you deserve", BAD
If you think something is against the law, then call the police, they are the law enforcement agency last time I checked.
If it is not legal, I promise you, they will do something.
well sadly cops don't care about this (sins its international company its pain to deal with them), if its not a bigger thing they won't get involved, they dont care about censorship, and in UK they support it sins government supports it, also laws are flawed and they use the loopholes, but what they (visa/master) are doing is abuse of power
https://www.youtube.com/watch?v=SfL2BAnhTxo
https://youtu.be/ONRIxuJmQWw?si=7uC3cnkeGmE_JN1R
https://www.youtube.com/watch?v=8OnVKUigt40
https://www.youtube.com/watch?v=J8eabtR11-Y
https://www.youtube.com/watch?v=7nM4z7-Q8EE
I'll just withdraw what I need and buy the card relevant to the purchase.
The really concerning thing is, that a small group of karens and some payment services seem to have more power than elected governments, when they're able to ban legal content.
Banning media should be the responsibility of the respective ELECTED governments and their legislative, the responsibility of payment services is to conduct payments, not more, not less.