View Single Post
Old 04-28-2014, 10:20 PM  
Eschaton
Confirmed User
 
Industry Role:
Join Date: Jan 2012
Posts: 109
I'm surprised there's not a solvency requirement by VISA or acquiring banks that mandate PSP's can't touch funds that aren't theirs. If I process $10,000 and am being charged 10%, then $9,000 of that money should be off limits to every single person/company except me, regardless of whether or not they even go bankrupt. Their bankruptcy should be done on their own dime. Otherwise the temptation to literally steal the money under the guise of running the business is too great.
Eschaton is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote