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by from 1113 days ago
The sad reality is that Paypal doesn't serve these territories because they are "high risk" and also low income which means the amount of compliance officers they would have to employ to watch people in these territories and the regulatory penalties for accidentally letting a Hamas transaction slip through (these aren't easy to detect either as the government emphasizes that "terrorist financing" can be as little as a few hundred dollars at a time, in fact most terrorist financing prosecutions involve amounts < $10000) probably does not exceed the amount of fees they would earn.
2 comments

Funny...PayPal is available to Israeli settlers residing in illegal settlements in the occupied West Bank. So it seems it is not the region...Western Union seems to be able to manage fine there: https://location.westernunion.com/ps?page=2&country=PS&q=Pal...
This is also why they don't serve Haiti, for example.

It's also not coincidental that this letter was just written, since only a couple months ago Hamas was forced to stop accepting Bitcoin donations because a number of their donators in the US were arrested after their contributions were arrested for sponsoring the terrorist group.

In fact it's such an unlikely coincidence, that some of the 11 US legislators that signed this letter are associated with non-profits who's donations seem to trickle into Hamas bank accounts...

Source: https://www.washingtonexaminer.com/news/house/ilhan-omar-ras...