Thread: Smashwords Succumbs to Censorship
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Old 02-26-2012, 03:58 PM   #57
murraypaul
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Quote:
Originally Posted by CommonReader View Post
Well, I don't live in the US so I don't know what sort of special advantages PayPal offers to its customers. Its European subsidiary - which is set up in Luxembourg - has a well known history for the opaque handling of customer complaints.
Anyway, it does require a license for providing financial services. If a bank here in Germany refused to conduct a money transfer just because it dislikes the recipient's (legal) product range, then the supervisory authorities would come down on that bank like a ton of bricks. I am always surprised how accepting many readers in the US are when large companies throw their weight around like this. For anyone at the receiving end of such treatment it can be as bad as traditional oppression by government agencies.
So you think Visa, Mastercard, ... are required in Germany to supply credit card processing services to any company who wishes them? They have the right to choose which clients they accept, why would PayPal be different?
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