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> Why should I have to jump through hoops just because I happen to be located abroad for a week? I could easily see a gray market in, essentially, location-spe

• AmericanChopper 5y ago
  The proper way to implement this restriction would be to only accept payments from a list of approved BINs (the first 6 digits of the credit/debit card). These numbers are strictly tied to the bank that's issuing the cards, the list is publicly available, and bypassing it is incredibly difficult. At the very least this control alone would be (very close to) ensuring that the card holder who's paying for the account has a legal right to live/work in the country in question (which is a requirement for opening a bank account in most places). There are some BINs which you could associate with a territory, but don't provide this level of assurance about the card holder (those "burner" credit card providers for instance), but the list of exceptions is short enough to manage quite easily. There are already service providers that implement this, f1.tv does for instance. Another peculiar example is India, where they just use phone numbers, because getting a phone number in India requires a KYC process, non-residents are only entitled to temporary services, and it's very hard to maintain your service if you leave the country.