Others have found the old news posts for you, but just confirming for you -- it's not us that won't take PayPal, it's that PayPal won't let us use their services unless we impose a lot of content restrictions we don't want to impose. Unfortunately our commitment to allowing as much legal content as possible means that a lot of payment processors won't work for us, but PayPal in particular is notorious for dropping sites for allowing any amount of "adult" content (they mean sex, they always mean sex, unless they mean LGBTQ) on the site.
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