alt Hacker NewsI don't think anything would change. If Stripe's underlying providers (banks) aren't involved then their requirements would not apply.
Stripe doesn't want to reject anyone, but their banks/underwriters do not have a limitless appetite for risk.
I don't think anything would change. If Stripe's underlying providers (banks) aren't involved then their requirements would not apply.
Stripe doesn't want to reject anyone, but their banks/underwriters do not have a limitless appetite for risk.
> but their banks/underwriters do not have a limitless appetite for risk.
I'm trying not to be snarky here, but I really can't believe anyone can truly believe this.
They almost blew up the global financial system. About once every two decades. What's the risk of accepting some transactions related to weed? (They can always charge more to offset the risk)
It's not about financial risk, it's simply an attempt to exert control over what people could do with their own money.