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But for regular banks service to private citizens is also compulsory, so they can't just choose the easy path by blocking a transaction based on keyword filters

But for regular banks service to private citizens is also compulsory, so they can't just choose the easy path by blocking a transaction based on keyword filters, they must do the intended auditing. So for them there is a balance, for paypal there isn't.

deleted 6y ago
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lotsofpulp 6y ago
I would say it’s not much different with regular banks in the US, as they can and do refuse service with no recourse if you do something they seem suspicious.
eru 6y ago
> But for regular banks service to private citizens is also compulsory, [...] Depends very much on jurisdiction. PayPal is active in many jurisdictions, too.
gruez 6y ago
>But for regular banks service to private citizens is also compulsory what country is that? AFAIK in the US most businesses can refuse to do business with you for any reason, except a very limited set of reasons related to discrimination[1]. [1] https://en.wikipedia.org/wiki/Protected_group https://en.wikipedia.org/wiki/Protected_group
- scarface74 6y ago
  Better citation is “No Duty to Deal” https://www.ftc.gov/tips-advice/competition-guidance/guide-antitrust-laws/single-firm-conduct/refusal-deal https://www.ftc.gov/tips-advice/competition-guidance/guide-a...
- the8472 6y ago
  Whole EU, per directive 2014/92/EU > 44) Consumers should be guaranteed access to a range of basic payment services. Services linked to payment accounts with basic features should include the facility to place funds and withdraw cash. Consumers should be able to undertake essential payment transactions such as receiving income or benefits, paying bills or taxes and purchasing goods and services, including via direct debit, credit transfer and the use of a payment card. Such services should allow the purchase of goods and services online and should give consumers the opportunity to initiate payment orders via the credit institution’s online facility, where available. However, a payment account with basic features should not be restricted to online usage as this would create an obstacle for consumers without internet access.

deleted 6y ago

[deleted]

lotsofpulp 6y ago

I would say it’s not much different with regular banks in the US, as they can and do refuse service with no recourse if you do something they seem suspicious.

eru 6y ago

> But for regular banks service to private citizens is also compulsory, [...] Depends very much on jurisdiction. PayPal is active in many jurisdictions, too.

gruez 6y ago

>But for regular banks service to private citizens is also compulsory what country is that? AFAIK in the US most businesses can refuse to do business with you for any reason, except a very limited set of reasons related to discrimination[1]. [1] https://en.wikipedia.org/wiki/Protected_group https://en.wikipedia.org/wiki/Protected_group

scarface74 6y ago
Better citation is “No Duty to Deal” https://www.ftc.gov/tips-advice/competition-guidance/guide-antitrust-laws/single-firm-conduct/refusal-deal https://www.ftc.gov/tips-advice/competition-guidance/guide-a...
the8472 6y ago
Whole EU, per directive 2014/92/EU > 44) Consumers should be guaranteed access to a range of basic payment services. Services linked to payment accounts with basic features should include the facility to place funds and withdraw cash. Consumers should be able to undertake essential payment transactions such as receiving income or benefits, paying bills or taxes and purchasing goods and services, including via direct debit, credit transfer and the use of a payment card. Such services should allow the purchase of goods and services online and should give consumers the opportunity to initiate payment orders via the credit institution’s online facility, where available. However, a payment account with basic features should not be restricted to online usage as this would create an obstacle for consumers without internet access.