3 ms·
Isn't this illegal as fuck? When they take 100$ in revenue, 10$ of that is their money, 90$ is your money (even though they handle it), which they can't legall
by tpxl 2y ago
Isn't this illegal as fuck?
When they take 100$ in revenue, 10$ of that is their money, 90$ is your money (even though they handle it), which they can't legally touch, no? Or is that only for regulated industries?
- AdmiralNines 2y agoYes, very illegal. But that doesn't stop people from making the dumb decision to do it.
- morpheuskafka 2y agoThey are apparently set up as a retailer, not just a payment processor. So those banking type rules about customer funds wouldn't apply. They are like a digital Walmart--buying and paying you for the wholesale product and then selling it to the customer and taking their money are two separate transactions.