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> Now, banks don't do this (at least, as far as I'm aware), but to play the devil's advocate: just imagine if Amazon asked very-high-risk vendors to post collat
by vageli 6y ago
> Now, banks don't do this (at least, as far as I'm aware), but to play the devil's advocate: just imagine if Amazon asked very-high-risk vendors to post collateral before selling. If they get caught, the collateral is used to compensate victims.
Requiring merchants to be bonded for entry into high-risk categories sounds like a great idea! I know they already have hurdles for entry into protected categories like vitamins but adding a financial hurdle seems sensible for certain categories or volume.
- donmcronald 6y agoIn theory I think requiring a cash bond could improve many distribution systems, but the reality is that these big tech companies are so terrible at moderation and curation that we'd end up with tons of people having their bonds seized for no reason. Then, since there's actual money involved, those people might actually have some recourse, so it'll never happen IMO.