Payment processing is so heavily regulated and dependent on networks, it's hard to make the case that they are a normal businesses. When you have KYC obligation

Payment processing is so heavily regulated and dependent on networks, it's hard to make the case that they are a normal businesses. When you have KYC obligations, you have to collect intelligence on your customers and supply it to the government, and that's not something a hotdog stand or a bookstore needs to do. Payment companies are different. Patreon may well be within its rights and contracts to sabotage business partners it disagrees with, but the artificial barrier to market entry of a license for processing payments makes their righteous posturing a bit vainglorious. I get these people don't do principle, but it's worth considering the broader impact of dispensing with it.