• pivot_root@lemmy.world
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    2 months ago

    At least in the US, it’s full of regulatory red tape that was designed to pull up the ladder behind the current large payment processors.

    Even Musk and his ample bribe money, under the most corrupt administration in decades, hasn’t managed to get full approval for his “X Twitter Money” payment service.

    • absentbird@lemmy.world
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      2 months ago

      Couldn’t they just start accepting ACH to get around the payment processors? Or is that overly complicated?

      • sugar_in_your_tea@sh.itjust.works
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        2 months ago

        Should be feasible, many of my bills allow it. If there’s an issue w/ lag, they could always allow it only for wallet top-ups and people could use that.

        But I think the issue is that if they accept these payment processors at all, they need to comply w/ their policies. Completely cutting them off could significantly hurt sales.