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It is "discrimination" as in "price discrimination" or "discriminating taste". Without a credit history, you are a riskier bet because your actual behavior wit
by OstiaAntica 15y ago
It is "discrimination" as in "price discrimination" or "discriminating taste".
Without a credit history, you are a riskier bet because your actual behavior with credit is unknown and unproven.
- breathesalt 15y agoI'm referring mostly to the use of services like paypal, not credit issuers or services further down the pipeline. Do you know why a merchant's credit history is even an issue? A merchant would be accepting payments, not making them. There are no actions here involving credit on the merchant's behalf or lending.
- breathesalt 15y agoFor future viewers, I asked around and it appears payment services in general do claim the power to run credit checks as a legal buffer/protection but aren't done in a compulsory manner.