4 ms·

You are right that they have some network effect, but are also right that it's not zero. Recently the one "creator" that I funded on the platform moved to allo

You are right that they have some network effect, but are also right that it's not zero. Recently the one "creator" that I funded on the platform moved to allowing direct bank transfers. I was glad to make the change: my bank is a platform that I really am already familiar with, way more than Patreon. And the creator did not have to belong to the same bank as me.

londons_explore 8y ago
That creator should watch out... Taking direct bank transfers from random strangers is a good way to get your accounts closed for fraud and banned from all banks. If just one of your supporters pays from a hacked bank account, or with North Korean/Iran etc money, your account will be marked as the receiver of stolen funds. Your bank will close the account, and they put your name on a register of people never to deal with again. They publish that register to other banks, so you'll never be able to bank anywhere with the same identity documents. There is no route of appeal, and they can't even give you info on the supposed bad transaction(s) because that would reveal how their fraud detection works. "I'm sorry sir, we can't open you a checking account, and we aren't allowed to tell you why". Taking money by credit/debit card protects you from that it seems - they are designed for taking money from strangers.
- obrisintor 8y ago
  I wonder if the Iranian government could send $1 to everyone who publicly displayed their bank information in order to cause banks to ban a large number of random people.
- adrianratnapala 8y ago
  While that's all pretty shocking -- it's really a variation on the same kind of problems we see with patreon et. al. cutting people of. The reactions might not be as harsh yet, because there are fewer regulators and policemen breathing down their necks -- but that will come.

4 ms·

You are right that they have some network effect, but are also right that it's not zero. Recently the one "creator" that I funded on the platform moved to allo

by adrianratnapala 8y ago

londons_explore 8y ago
That creator should watch out... Taking direct bank transfers from random strangers is a good way to get your accounts closed for fraud and banned from all banks. If just one of your supporters pays from a hacked bank account, or with North Korean/Iran etc money, your account will be marked as the receiver of stolen funds. Your bank will close the account, and they put your name on a register of people never to deal with again. They publish that register to other banks, so you'll never be able to bank anywhere with the same identity documents. There is no route of appeal, and they can't even give you info on the supposed bad transaction(s) because that would reveal how their fraud detection works. "I'm sorry sir, we can't open you a checking account, and we aren't allowed to tell you why". Taking money by credit/debit card protects you from that it seems - they are designed for taking money from strangers.
- obrisintor 8y ago
  I wonder if the Iranian government could send $1 to everyone who publicly displayed their bank information in order to cause banks to ban a large number of random people.
- adrianratnapala 8y ago
  While that's all pretty shocking -- it's really a variation on the same kind of problems we see with patreon et. al. cutting people of. The reactions might not be as harsh yet, because there are fewer regulators and policemen breathing down their necks -- but that will come.