Kevin Karhan :verified:<p><span class="h-card" translate="no"><a href="https://gamepad.club/@nico198X" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>nico198X</span></a></span> <span class="h-card" translate="no"><a href="https://mastodon.ar.al/@aral" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>aral</span></a></span> <span class="h-card" translate="no"><a href="https://social.riley.pub/@robin" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>robin</span></a></span> Problem with <a href="https://infosec.space/tags/PayPal" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PayPal</span></a> et. al. is that there ain't real & global competitiors.</p><ul><li>AFAIK, <a href="https://infosec.space/tags/SEPA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SEPA</span></a>-bound <a href="https://infosec.space/tags/wero" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>wero</span></a> won't allow people to setup accounts outside <a href="https://infosec.space/tags/EU" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>EU</span></a> / <a href="https://infosec.space/tags/EFTA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>EFTA</span></a> / <a href="https://infosec.space/tags/SEPA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SEPA</span></a> area and get them at least topped-up (unlike PayPal, <a href="https://infosec.space/tags/VISA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>VISA</span></a> & <a href="https://infosec.space/tags/MasterCard" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MasterCard</span></a>, which literally offer <a href="https://infosec.space/tags/Prepaid" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Prepaid</span></a> cards aroubd the globe except North Korea, Belarus, Cuba and <a href="https://infosec.space/tags/WesternSahara" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>WesternSahara</span></a> / <a href="https://infosec.space/tags/SADR" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SADR</span></a>)…</li></ul><p>And not only is it impractical for people to travel in person to i.e. Germany just to wait weeks (!!!) on an appointment and get a bank accout opened in person but even then the <a href="https://www.bafin.de/EN/Verbraucher/Bank/Produkte/Basiskonto/basiskonto_node_en.html" rel="nofollow noopener noreferrer" target="_blank">Bsic Account</a> as per <span class="h-card" translate="no"><a href="https://social.bund.de/@BaFin" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>BaFin</span></a></span> regulations only applies to consumers in Germany and not SMEs from overseas and even then those business accounts are usually way more expensive than partnering with an expensive payment processor to outsorce headaches.</p><ul><li>Ask me how I know... </li></ul><p>Needless to say the <a href="https://infosec.space/tags/PayPalMafia" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PayPalMafia</span></a> got their power to basically monopolize global payments...</p>