Kevin Karhan :verified: (@kkarhan@infosec.space)

@txt_file@chaos.social @lina@vt.social the Problem with #PayPal is that they have no real competition, so being an *asshole corporation* has no [real consequences.](https://infosec.space/@kkarhan/115569756070784120) I mean, look at the state of #OnlinePayments: - #TradFinance fearmongered regulators and institutions into #Monero #delistings and bans. - #wero doesn't even get *mandatory acceptance* within the #SEPA-Area and doesn't support non-SEPA accounts, thus is less useful than #UnionPay, #AliPay & #WeChatPay in #Germany. - The 3 before-mentioned providers won't even offer their services for #EU citizens/non-*"P.R."* #China residents. - #WesternUnion, #RIA, #MoneyGram, etc. are absurdly expensive and don't work well nor can be integrated as #OnlinePayment. - #PerfectMoney, like #Mir, is basically useless outside #Russia & #CIS member states. - Same goes for all the other *national providers* like #SOFORTÜBERWEISUNG (absorbed by #Klarna), etc. PayPal owns the market for #payments harder than Autodesk for Engineering Software and Adobe for Creative Software because #regulators like @EUCommission@ec.social-network.europa.eu *refuse to regulate!* - People who have neither #CreditCards (from the 2,5 Oligopolists from the USA: #Visa, #MasterCard & #AMEX) nor a PayPal account are *basically "banned from #OnlineShopping"*!