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People forget that just because a payment services is so entrenched and powerful that many people think of it more like a public utility doesn't mean it isn't j
by causi 3y ago
People forget that just because a payment services is so entrenched and powerful that many people think of it more like a public utility doesn't mean it isn't just as amoral as any other company. Visa has shattered entire industries on a whim by deciding it was simply more profitable not to service certain classes of people or professions. Somehow they're allowed to do that. We need common-carrier rules for payment processors.
- johngladtj 3y agoHave you considered that regulation is what causes those issues?
- ausbah 3y agostuff like processing sex industry related payments isn't illegal but isn't supported by big payment processors so it's defacto illegal. govt indecision to regulate here allows them to make shots of how economy operates via monopoly power