Re:Liberapay is in trouble
by Frondo on Tuesday July 17, 2018 @08:54AM
(#17549328)
I would rather see a nationalized service, maybe offered through postal banking, for fee-free instant money transfer. Banking, for such basic purposes, should be treated as a utility. It isn't sexy, it isn't flash, it's roads for money. Nothing more.
[ Parent
| on HN ]
> I would rather see a nationalized service
And how is that going to help with the OP problem, I wonder?
Gov't says your business ain't what we like, payment can't happen, business is dead.
Interestingly, a state monopoly could actually be more tolerant on some types of business, because of the legalities associated. As an arm of the state, it's subject to the state's obligations for equal access and service.
If their policies were anything less than "we support any legal business", they'd be spending decades in the courts.
Conversely, a lot of private payment processors are beholden to the tastes of their clients and investors. Even if you have all the right metrics and tech about fraud, chargebacks, customer satisfaction, see how many processors close their doors if you say you're selling rifles or porn.
Re:Liberapay is in trouble
by bootlooped on Tuesday July 17, 2018 @11:23AM
(#17550310)
Ideally that would only happen if the business was illegal or found guilty of serious crimes. In those cases society has an interest in killing it.
> fee-free instant money transfer. Banking, for such basic purposes, should be treated as a utility.
You're making it sound as though "being a utility" means "no fees". I cannot name any utility that is fee-free.