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0 pointsnoogle4y ago0 comments

No, I do not.

However, I've heard (too) many stories like "our payments/ads/infra vendor banned us out of the blue for suspicion/politics/obscure-AI-decision" to ignore this. It could be fine for a start-up that is inherently risky, intended to fail early and risks Other-People's-Money (TM), but not always.

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thayne4y ago

Unless your business deals exclusively in cash and/or cryptocurrency, I don't think you can really avoid that. Even if you are dealing with a credit card company directly, that company could ban you out of the blue for suspician/politics/obscure-AI-decision.

noogleOP4y ago

Using Stripe etc. adds another point of failure.

But yes, the fact that essentially all payments are bottlenecked through two vendors with no legal supervision is quite troubling.

Maybe we should form a co-operative of payment recipients? It doesn't need to operate anything, but rather be a "suicide pact" that will extoll a high price from payment processors if they try to unfairly ban a business. Some sort of a smart contract could guarantee fair enforcement.

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thayne4y ago

noogleOP4y ago

Using Stripe etc. adds another point of failure.

But yes, the fact that essentially all payments are bottlenecked through two vendors with no legal supervision is quite troubling.

j / k navigate · click thread line to collapse