4 ms·
There are strict regulations regarding bank accounts.
by ensignavenger 9y ago
There are strict regulations regarding bank accounts.
- vkou 9y agoPerhaps there should be strict regulations about merchant accounts. This isn't some tiny startup selling beanie babies here. This is the opaque policy of a multi-billion international, that is suffocating small business.
- ensignavenger 9y agoIf by Merchant Account you are referring to the financial account that holds funds owed to merchants, I agree. There are regulations that cover this, but they arn't as strict as those regulating consumer banking. I'm not quite sure what a reinforced regulatory framework for this space would look like, though- the devil is always in the details.