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Oh money... We can't even do international banking properly. There is literally a list of countries I can't do 'normal' wire transfers to or get from without c
by herbst 4y ago
Oh money...
We can't even do international banking properly. There is literally a list of countries I can't do 'normal' wire transfers to or get from without complicated hoops or huge waiting times and fees.
There is a huge list of things I can't pay for with credit card. I am not even allowed to open a shop selling dildos without getting a highly specialized and expensive credit card middle man. I had to stop several projects because I couldn't find a payment processor that was accepting low volume clients. Strengthening the monopoly in some niches.
If holidays fall weird a wire transaction can take days. 5 days is my recent record. This should be normal in 2022?
You can't just send any amount of money to anyone. High amounts can trigger bells and further complicate and lengthen transfers. We have literally lost control about our own money. In many countries it is already illegal to buy something expensive with cash.
So the productivity won for a credit card users is wasted somewhere else in this utterly complex system of payments & finances. If not a coder that bangs his head in frustration it is the tax office wasting human hours.
We have 'solutions' like Crypto, PayPal, Payeer but all come with their own issues and benefits.