I don't know, but I would assume this is because payment processors uniformly refuse to handle payments for a number of legitimate customers, such as sex workers. Which is yet another reason we need something like a common carrier law for merchant services.https://twitter.com/inputmag/status/1428421204055052296 …
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For example, here are all the businesses that cannot use Stripe. It includes many types of businesses that would be legal to operate in the US/elsewhere, but which nonetheless effectively can't because almost all payment processors use a list like this.https://stripe.com/restricted-businesses …
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I assume, but don't know, that these lists arise because payment processors want to limit the damages they may be liable for in businesses that are "legally entangled" (like pornography, gambling, etc.) So it is not necessarily the case that they are being puritanical.
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Therefore, a "common carrier, limited liability" law that gives payment processors legal immunity from resulting damages in exchange for requiring them to offer equal access to business types would be a step in the right direction.
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Replying to @cmuratori
Or we could undo the laws that motivate them to create these lists in the first place (assuming it is due to "legal entanglement")
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I would be in favor of that, yes.
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