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This is one of the areas where bitcoin actually has value as a payment system (vs. as an investment asset or other more sophisticated things) -- industries whic
by rdl 12y ago
This is one of the areas where bitcoin actually has value as a payment system (vs. as an investment asset or other more sophisticated things) -- industries which are suffering from gatekeepers.
If WePay could process bitcoin payments, they wouldn't be beholden to essentially the lowest common denominator of bank policies at the card associations. This would disproportionately help marginalized groups, and would be awesome.
So, rather than hating WePay, I'd rather just ask them to allow bitcoin. It's ironic that WePay started in response to PayPal (who are worse than the banks by some factor), but has now gotten to the point where they banks are preventing them from getting too much better.
- jonknee 12y agoOr you could just follow the rules with whatever payment processor you choose. Adult content is not a problem, you just have to pay more for it because the fraud rates are much higher than for non-adult content.
- rdl 12y agoIf no-adult is what you built your business model around, you're probably not going to be able to do adult rates due to 1% of your business being adult and make it work.
- judk 12y agoSurely there are ways to set up paperwork to separate " FooBar Prodictions" from "FooBarXXX Productions"
- yuhong 12y agoAnd Bitcoin is not reversible and has lower transaction fees.