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>Your service would not have been shut down by the payment processor if you were able to handle the money yourself without relying on a third party. But withou
by ivanhoe 8y ago
>Your service would not have been shut down by the payment processor if you were able to handle the money yourself without relying on a third party.
But without payment processor you need to handle a lot of that yourself (security, refunds, fraud, recurring payments, taxes, EU VATs, etc.). All the complicated stuff that caused us to outsource payment services in the first place.
- vageli 8y agoI was under the impression that everyone outsources payment processing because PCI compliance is hard.
- ivanhoe 8y agoIt's a complete pita, but even without any security rules you still need to figure out how to clear payments using something like ACH, weird and usually 99% undocumented bank APIs, building a lot of automation, reporting & monitoring tools yourself, etc. It's a lot of work.