Quote:
Originally Posted by Smashwords
Hi all, I thought I'd add a couple comments...
PayPal tells us their policy is necessary to remain in compliance with the banks and credit card companies that power their services. This means that even if we were to switch to another provider, there's nothing stopping other providers from unplugging us when they take heat from the credit card companies.
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Just as I expected, this isn't a moral decision from Paypal but a legal one from the financial institutions that provide Paypal's backbone operations.
And they are probably the same institutions that support Amazon's and Google's payment services.