6 ms·
The problem for those providers is often not their own morals per se. But the fear of being related to certain verticals. This oftentimes has a real impact on l
by xtracto 7y ago
The problem for those providers is often not their own morals per se. But the fear of being related to certain verticals. This oftentimes has a real impact on lost deals from other companies that do have a moral judgment and wont do business with you if you are related say to marijuana selling companies.
- Corrado 7y agoIn that case, wouldn't this be a great opportunity to start a payment processor that (mainly) deals with these "fringe" verticals? What's stopping someone from creating MoralPay (or whatever) that accepts all money from adult entertainment, dispensaries, etc. From what I understand there is a huge market for processing legal monies from these types of businesses, especially dispensaries. Is it too difficult in 2019 to start a payment processor? Is there some legal requirement that is preventing it? Some people said that creating a new car company in today's market would be impossible (too many regulations, expense, etc.) but Tesla seems to be doing pretty well. Is there a "Tesla" for the payment processing industry?
- Corrado 7y agoI think this might answer my question: https://marker.medium.com/the-companies-venture-capital-isnt-allowed-to-invest-in-a59c4cdd5ae https://marker.medium.com/the-companies-venture-capital-isnt... Would "Vice Ventures" fund a "vice" payment processor? It seems like it would be right up their alley.
- swebs 7y agoI believe that was the idea behind Hatereon