The problem is that Paypal have a habit of banning people for infringing any of their rules. It is based on their interpretation - you would need someone willing to take that risk with their account.
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The problem is that Paypal have a habit of banning people for infringing any of their rules. It is based on their interpretation - you would need someone willing to take that risk with their account.
Yep I'm hearing a lot about Paypal being like that. So we'd have to work out a way to not break their rules and still get what we want. This might involve adding extra steps to the chain of transfer. Paypal don't forbid people paying into their accounts and they cannot regualate where the money they handle ends up. So we would simply implement degrees of abstraction (in this case additional transfers outside of paypal) until we are in compliance. Once the process is in place and refined it would take minimal effort. And imagine how much more capital it could bring into Steem currency. I'll go into more detail in post #4
Yes I'm not shooting it down. We will just need to be careful so as not to get blacklisted. Hopefully one day services like Paypal will be replaced by bitcoin or even Steem Dollars so we won't have to jump trough those kind of hoops!