| Problems occur either way due to a lack of regulations on these entities allowing them to dictate acceptable financial transactions regardless of actual legality. Consider the risk matrix: * You sell legal goods or services and are entirely honest about them to the paypro; if the T&Cs change down the line, your honesty makes you a prime target for having your funds seized and ability to process transactions terminated first, posing an existential threat to your business with no reward for your honesty * You sell legal goods and services, but don’t volunteer extraneous details about them since that’s not the business of a paypro. Should the T&Cs change, your obscurity buys you time to adapt or seek alternatives before inevitably being caught up in the paypro’s internal surveillance measures. * You sell legal goods and services, but assume your paypro is hostile from the get go regardless of the T&Cs and hand over the minimal information necessary to process a transaction. You have maximum time to find alternatives should the T&Cs change, because your baseline operations make it that much harder to identify your transactions down the line. Honesty is inevitably punished while obscurity is rewarded, at least for a time. It’s also worth pointing out the hypocrisy of needling paypro users to follow arbitrary and changing rules of the paypro but allowing said paypros to reject legal transactions for whatever reason they wish or selectively comply with laws because they’re “fintech” and not banks or payment card networks: why should users face more onerous restrictions than the paypro themselves? Ultimately the solution is the same one we’ve been parroting for years ever since PayPal arbitrarily changed their T&Cs to try booting adult creators off its platform: government regulations barring these entities outright from refusing any legal transaction. It’s part of the playbook at this point for tech companies in light of its success: court adult content creators and communities to grow the platform, then shut them out once there’s money to be made. |