4 ms·
I think "we are less suited to meet the needs of smaller customers" can be read as "smaller customers cost too much/aren't profitable enough/take up too much re
by helsinkiandrew 4y ago
I think "we are less suited to meet the needs of smaller customers" can be read as "smaller customers cost too much/aren't profitable enough/take up too much resources, so we're concentrating on larger ones".
- jpalomaki 4y agoDue to the anti money laundering, sanctions etc. customers are also a risk for financial institutions. Small companies won't bring much revenue so banks are sometimes not very eager to onboard them.
- deleted 4y ago[deleted]
- londons_explore 4y agoAML laws tend to scale with the size of the customer. That's why you can put a few hundred dollars in a PayPal account before submitting your government ID for verification. It's also why things like pay as you go SIM cards (which typically don't check your ID) normally have a balance limited to $100 or so.