I never claimed the near monopoly of current processors is moral. My claim is easy: we have the right to conduct a business according to our ethics.

In many jurisdictions, the electric utility is a private corporation. Is it ok for the power company to turn off power for a business they think is immoral, like, say, a strip club? Obviously it's not; laws prevent that sort of thing.

So at this point we agree (as a society at least) that some businesses should not be allowed to conduct business according to their ethics, but instead must do business with anyone who shows up at their door. At this point it's just a matter of deciding which businesses that rule should apply to. I would argue that payment processors are approaching utility-like levels of essential use in our society, if they aren't there already.

> In many jurisdictions, the electric utility is a private corporation. Is it ok for the power company to turn off power for a business they think is immoral, like, say, a strip club? Obviously it's not; laws prevent that sort of thing

This is due to a physical limitation. Payment processors have no such physical limitation.

> I would argue that payment processors are approaching utility-like levels of essential use in our society,

Correct. And the problem is not that they are utility-like essential. But that they are a near monopoly. There is zero reason for payment processors to be a near monopoly and that's the actual problem that needs fixing.