r/Damnthatsinteresting • u/Getatbay • 10d ago

Video EU has created a system that bypasses payment processing services like visa or mastercard

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u/jabberwockxeno 10d ago

Or we should just pass laws regulating payment processors as common carriers that aren't allowed to refuse service for anything that's not illegal, the same way your telephone, water, or electrical company aren't allowed to turn your service off based on if they agree with what you're using your phone calls or electricity for.

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u/SacredGeometry9 9d ago

Nah, they shouldn’t be allowed to refuse service for anything. What is illegal can change quickly. They should not be given policing responsibility or authority, that’s on the actual police to determine later.

Now, maybe they should have reporting responsibility, but it’s not like they aren’t tracking and selling that data anyways.

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u/jabberwockxeno 9d ago

They need to still be able to drop people or refuse transactions they know to be illegal to avoid legal liability themselves.

Maybe if there were an arrangement where they had to process all transactions regardless of legality in exchange for them having immunity from prosecution for doing so, but why would lawmakers want to give them that ability?