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I used to sell swimsuit modeling videos using PayPal. It was like 10+ years ago. I would actually hire the girls and made 'car wash' videos and stuff like that. Never had any nudity, it was more like Sports Illustrated or Maxim content. We're talking VHS tapes.. That's how long ago it was.
Anyway they closed my account saying that I was not allowed to sell adult content. I still cannot open a PayPal account (at least not a business account). I had one a year ago for a short while and they closed it. I then called to ask why and they referenced the event that took place more than a decade ago.
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