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Very few, because operating as an internet money transmitter and also keeping your customers safe is hard. People love to hate PayPal but most of the things the
by LeoPanthera 3y ago
Very few, because operating as an internet money transmitter and also keeping your customers safe is hard. People love to hate PayPal but most of the things they hate are necessary for them to stay in business.
- noduerme 3y agoIt's not technically hard. It's not even hard to do the KYC. It's only "hard" because it costs an enormous amount to pay off the right people.
- withinboredom 3y agomoney transmission is hard only because the states make it hard (but mostly just expensive -- IIRC, a license in all 50 states costs about 1.5-2 million bucks a year).