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A comment on Fake books sold on Amazon could be used for money laundering. Parent comment

Re:Fake books sold on Amazon could be used for money laundering by ivanhoe on Saturday April 28, 2018 @08:03AM (#16947262)
>Your service would not have been shut down by the payment processor if you were able to handle the money yourself without relying on a third party.

But without payment processor you need to handle a lot of that yourself (security, refunds, fraud, recurring payments, taxes, EU VATs, etc.). All the complicated stuff that caused us to outsource payment services in the first place.

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Re:Fake books sold on Amazon could be used for money laundering by vageli on Saturday April 28, 2018 @09:24AM (#16947527)
I was under the impression that everyone outsources payment processing because PCI compliance is hard.
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Re:Fake books sold on Amazon could be used for money laundering by ivanhoe on Monday April 30, 2018 @05:07PM (#16962355)
It's a complete pita, but even without any security rules you still need to figure out how to clear payments using something like ACH, weird and usually 99% undocumented bank APIs, building a lot of automation, reporting & monitoring tools yourself, etc. It's a lot of work.
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