@cmuratori What you say is "just let the seller compute it". But that's precisely the problem - the UK selller *does not know* about, say,
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Replying to @cmuratori
@rygorous Does it mean the wire department has to get smarter? Sure. That is WAY BETTER than every small business having to do it!1 reply 0 retweets 0 likes -
Replying to @cmuratori
@rygorous Wire processors are already set up to handle the fact that there is information on both sides of the exchange. Now there's more.1 reply 0 retweets 0 likes -
Replying to @cmuratori
@rygorous Is it a pain in the ass? Yes! But better a pain in the ass for the bank then for _every business_ that uses the bank.1 reply 0 retweets 0 likes -
Replying to @cmuratori
@rygorous I should think this is all pretty obvious? I'm not sure where the protestation comes in.1 reply 0 retweets 0 likes -
Replying to @cmuratori
@rygorous _Somebody_, either the seller or the payment processor, is required to compute it. I'm saying the PP is better.1 reply 0 retweets 0 likes -
Replying to @cmuratori
@rygorous The reason it is better is because there are fewer of them, and they are typically much larger.1 reply 0 retweets 0 likes -
Replying to @cmuratori
@rygorous So it puts the burden of compliance on those _whose business it actually is_ to comply with financial transaction law.1 reply 0 retweets 0 likes -
Replying to @cmuratori
@rygorous The current scheme does the opposite, which is to force compliance on people who have no knowledge or understanding of that law.1 reply 0 retweets 0 likes
@rygorous And who furthermore do not have the resources or expertise necessary to properly comply.
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Replying to @cmuratori
@rygorous And the PP, whether credit card or wire service or other, has no burden whatsoever. Which makes no sense to me.0 replies 0 retweets 0 likesThanks. Twitter will use this to make your timeline better. UndoUndo
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