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I have seen many stories of legal and legitimate businesses for things like weed (legal in the stores location) and legal porn sites getting their merchant acco
by Polylactic_acid 6y ago
I have seen many stories of legal and legitimate businesses for things like weed (legal in the stores location) and legal porn sites getting their merchant accounts shut down because the payment processors just don't want them to deal with it leaving cash as the only option.
- bagacrap 6y agoWeed is still federally illegal in all locations in the US.
- unethical_ban 6y agoGood point that perhaps "regulation" is not a good thing, and that the most free, common payment method is the decentralized one: cash. People laugh about bitcoin, and the implementation surely has its drawbacks, but the idea of a decentralized digital payment system is alluring.
- ElCapitanMarkla 6y agoThe hard reality is there’s a high rate of fraud and chargebacks in a lot of these types of businesses. It’s a tricky one for the merchants to manage but things like 3DS2 should help, maybe, if they ever sort it out properly...