It's not the payment processors' fault (but MasterCard and Visa's oligopoly does need to be shattered), it is the banks'. They (more specifically, the network o

It's not the payment processors' fault (but MasterCard and Visa's oligopoly does need to be shattered), it is the banks'. They (more specifically, the network of banks that handle most payment processing) are at the foundation (read, have a strangehold on) of every financial infrastructure, be it technological or human. If they deny service, non-crypto fintechs have no real recourse. Moral pearl clutching aside, the issue of fraud for these sort of services is also unsolved. That is why companies that service this particular vertical charge ridiculous fees. There needs to be a separate non-revocable class of payments (maybe something like Zelle) for these industries.