I agree consumers should have better recourse - but its absence is just another way online platforms maximize their profit, and taxpayer-funded policing their platforms for them would only exacerbate that.
How is it any good for eBay? They lost someone who made a lot of money for them.
These crazy human hostile implementations of various regulations are a net loss for big businesses.
eBay is doing what nowadays all big fucking corps do, shit on UX and gut punch actual users in the name of compliance.
You got a few hundred dollars from your friend on your Venmo/Revolut/Wise/whatever app and our AML/KYC/CYA/compliance department flagged it? Okay, instantly block your account, tell the users nothing, and demand that they submit paperwork proving who they are, where's the money from, what's the purpose of the transfer, etc... in the most fucked up adversarial byzantine way possible.
The problem is that there's no sane way for these companies to do the good cop / bad cop transition. This is a pure chilling effect on this kind of economic activity.
Banks and these money middlemen ought to be our agents (broker! mediator!) instead they are turned into paranoid bureaucrats resembling the idiots at the NRC (NRC is the nuclear regulatory commission, where the prevailing doctrine is to get risks as low as possible - ALARA, which led to nuclear energy priced out of the fucking market).
unfortunately it seems NRC commissioners have a very unreasonable view on what's reasonable, because in effect they neutered the whole nuclear power industry.
These crazy human hostile implementations of various regulations are a net loss for big businesses.
eBay is doing what nowadays all big fucking corps do, shit on UX and gut punch actual users in the name of compliance.
You got a few hundred dollars from your friend on your Venmo/Revolut/Wise/whatever app and our AML/KYC/CYA/compliance department flagged it? Okay, instantly block your account, tell the users nothing, and demand that they submit paperwork proving who they are, where's the money from, what's the purpose of the transfer, etc... in the most fucked up adversarial byzantine way possible.
The problem is that there's no sane way for these companies to do the good cop / bad cop transition. This is a pure chilling effect on this kind of economic activity.
Banks and these money middlemen ought to be our agents (broker! mediator!) instead they are turned into paranoid bureaucrats resembling the idiots at the NRC (NRC is the nuclear regulatory commission, where the prevailing doctrine is to get risks as low as possible - ALARA, which led to nuclear energy priced out of the fucking market).