What are your recommendations for an alternative to PayPal and Stripe?

Which services offer similar products, but with better practices in regard to data privacy and data residency?

#Privacy #PayPal #Stripe #FOSS #Floss

The fact that only 2 American companies have a monopoly on such a large portion of online payment processing worldwide is problematic, to say the least.
@Em0nM4stodon Monero solves this.
@dormouse759 Many people don't have enough money to invest in digital currencies. Unfortunately this isn't an accessible solution.

@Em0nM4stodon you can always only buy what you're gonna use.
You know, it's a currency, don't invest in money. It's a stupid idea.

It's basically like saying that you can't accept Euro because not everyone has money to invest into foreign currencies. You only need to transact the amount you would pay anyway. (You can put some small discount to compensate for fees. I've seen people doing exactly that.)

@dormouse759 @Em0nM4stodon
I can find a good deal on Euros by comparing exchange rates fom multiple scources, checking commission rates & choosing from dosens of financial institutions that deal in traditional currency exchange. Or if I'm feeling lazy I can use my bank card to make payment directly in Euros and let my bank handle the currency exchange for a premium fee.
I also trust the ECB, that my Euros will retain roughly the same purchasing power by the time I come to spend them. 1/2
@dormouse759 @Em0nM4stodon
Alternatively I could go to a website I never heard of, buy a currency I've never heard of and be assured of it's value by a company I've never heard of saying "trust me bro". Because the level of knowledge the average person has about crypto means that's about as accessible as it gets.
2/2