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I would rather see a nationalized service, maybe offered through postal banking, for fee-free instant money transfer. Banking, for such basic purposes, should
by Frondo 8y ago
I would rather see a nationalized service, maybe offered through postal banking, for fee-free instant money transfer. Banking, for such basic purposes, should be treated as a utility. It isn't sexy, it isn't flash, it's roads for money. Nothing more.
- ur-whale 8y ago> I would rather see a nationalized service And how is that going to help with the OP problem, I wonder? Gov't says your business ain't what we like, payment can't happen, business is dead.
- bootlooped 8y agoIdeally that would only happen if the business was illegal or found guilty of serious crimes. In those cases society has an interest in killing it.
- hakfoo 8y agoInterestingly, a state monopoly could actually be more tolerant on some types of business, because of the legalities associated. As an arm of the state, it's subject to the state's obligations for equal access and service. If their policies were anything less than "we support any legal business", they'd be spending decades in the courts. Conversely, a lot of private payment processors are beholden to the tastes of their clients and investors. Even if you have all the right metrics and tech about fraud, chargebacks, customer satisfaction, see how many processors close their doors if you say you're selling rifles or porn.
- majewsky 8y ago> fee-free instant money transfer. Banking, for such basic purposes, should be treated as a utility. You're making it sound as though "being a utility" means "no fees". I cannot name any utility that is fee-free.
- deleted 8y ago[deleted]
- deleted 8y ago[deleted]
- ATsch 8y agoSounds a bit like SEPA to me. At least that's how most donations and similar are handled here. AFAICT there's no need to have a special processor just to accept payments.