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> "should void doing vigilantism", "monetary services must not hold opinions" That sounds like a very interesting idea, but how about this one? > "You must fo
by lopatin 7y ago
> "should void doing vigilantism", "monetary services must not hold opinions"
That sounds like a very interesting idea, but how about this one?
> "You must follow PayPal's terms and conditions or should expect to have your account terminated"
Because that's how every payment processor in existence works. Don't like it? Use bitcoin.
- marcosdumay 7y agoIf every payment processor worked like this, this story wouldn't be here.
- astura 7y agoAre you kidding me? For one example, see American Express's Merchant Operating Guide https://icm.aexp-static.com/Internet/NGMS/US_en/Images/MerchantPolicyOptBlue.pdf https://icm.aexp-static.com/Internet/NGMS/US_en/Images/Merch... See section 10.2 Prohibited Merchants. There's a whole list of them. Here's a select few: Multi-level Pyramid Sales, Prostitution, Payday Lenders, Timeshares, Gambling, Virtual Currency, Escort Services and Non-Licensed Massage Parlors, Mortgage Payments.
- marcosdumay 7y agoAmerican Express does not take people's money under trust. No payment processor does that, it's a bank thing.