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I think the traditional Visa/MasterCard/American Express/Discover payment processor has established a significant enough moat to make joining them unattractive.
by after_care 5y ago
I think the traditional Visa/MasterCard/American Express/Discover payment processor has established a significant enough moat to make joining them unattractive.
There are several challengers like Paypal, Venmo, Zelle, Coinbase, etc that attack from a slightly different angle. I think the thing that is most common is that have super low cost bank transfer options, and they encourage users to maintain a balance. Processing payments locally is 100x-1000x preferable then processing payments externally for these players.
- mschuster91 5y agoPayPal is even worse for sex workers, they're banning people left and right if they even suspect you might be involved into anything relating to it. Their official stance always has been that this is due to the credit card companies, the reality rather is that Paypal doesn't want to deal with the rampant fraud (aka post-nut clarity) in porn.