It seems that you can't go for more than a couple of weeks without hearing a politically-charged story of how payment processors are meddling with their clients business. Stripe, Paypal, Mastercard, Visa, and now Patreon.
Currently, Patreon and Sargon of Akkad are having a spat. Other YouTubers, as well as patrons, have decided to quit Patreon in solidarity and/or because they believe that Patreon no longer has their interests in mind or that once their interest falls out of line from Patreon's they will suffer a similar fate.
I also came across another Patreon client (Dave Pakman Show) who had Amazon attack him over their now discontinued Amazon payments service.
Finally, you could also look into the de-platforming of Gab.ai and Alex Jones for examples.
- Why does this happen?
- What motivates payment processors to decide to financially disassociated themselves from people or brands that are making them money?
- Aren't they (influencers) protected from legal repercussions as long as the things are not illegal?
- Don't payment processors expose themselves to legal action on account of their users by attempting to be publishing clearing houses?
- Doesn't the size and monopolistic qualities of these organizations prohibit them by law from doing things such as this?
- Doesn't this behavior equate to business suicide, as it gives opportunity for competitors to arise?
It seems to me that they are acting as the New Inquisition stamping out "sinners", and attempting to solicit reverence and subservience. For the latter you can look to the interview of Matt Christensen and Patreon's new head of Trust & Safety committee, Jacqueline Hart link. Towards the end of the interview, Jacqueline tells Matt that if Sargon has apologized appropriately, his Patreon account might have been re-instated.
I believe this is politically motivated, that's why I chose this SE over another, given the current dichotomy and the heatednesss of it in current politics. At play are the two major forces of politics: tyranny and freedom. I'm not asking for a strictly legal response (ie Law.SE), but legalities might help flesh things out.