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Credit worthiness, yes, though that’s typically at approval time and not later on. Risk bans or bans for suspicious / illegal activity? Totally different story
by anaccountexists 5y ago
Credit worthiness, yes, though that’s typically at approval time and not later on.
Risk bans or bans for suspicious / illegal activity? Totally different story (see the stories of Stripe / PayPal / etc shutting down accounts). The government (at least in the US) will punish banks pretty hard if they don’t crack down on fraud hard, so banks tend to lean more towards over enforcement.
- Aeolun 5y agoStripe and Paypal are not banks, last I saw. Which is exactly the reason they have to be so careful. They don’t have to adhere to the same rules as banks, but they don’t have the same protections either.
- CPLX 5y agoIndeed. Stripe and PayPal are tech companies that are part of the problem this post is discussing.