The last we heard in the saga between Backpage and Cook County, Illinois, Sheriff Tom Dart the injunction against him had been repealed. Backpage was trying to get a restraining order against Sheriff Dart since he allegedly convinced Visa and Mastercard to stop doing business with Backpage over child prostitution and human trafficking concerns. That meant that Backpage could no longer accept Visa or Mastercard payments for ads on their site. Currently Backpage is only able to accept pre-payment through cash, check or money order, or with bitcoin.
Earlier today the 7th Circuit Court of Appeals ruled that Sheriff Dart can no longer “formally or informally” try to get credit card companies to stop doing business with Backpage. However this is nothing more than a Pyrrhic victory for Backpage. The damage has already been done. This ruling does not mean that Visa and Mastercard will go back to doing business with Backpage. Backpage has been dealt a financial blow that I doubt it can recover from. They have to be hemorrhaging capital with each passing day. How long will it be before their Dutch corporate overlords finally pull the plug? It can’t be much longer.