[beaner]

It's sort of in between, it's not as clear cut as you make it sound.

All of these processors ultimately depend on their banks, who are super strict. Banks are super strict because money is an insanely regulated industry. Banks are directed by regulators and lawmakers. They do not take any chances.

Services like these each somehow coincidentally (not really) come to the same conclusions because they're all trying to appease the same industry, directed by the same regulators. If they lose their banking relationships they are dead.

It's not a conspiracy and they're not really making individual decisions either, it's just how modern banking works.