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this post was submitted on 30 Jun 2024
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Hmm. If the concern is the Etsy brand value, I'd just spin it off into a new company that does permit it. If you've already built a network of people selling and buying stuff and the software to do so, terminating it just sends the value of that to zero.
I think it's most likely pressure from payment processors.
Payment processors shouldn't be acting as a moral authority.
The government has ceded the entirety of modern currency exchange to private companies, which is still crazy to me, but I honestly don't see people even question it that often. As if it's just a given that online purchases (the increasing majority of all economic activity) is subject purely to a ToS and not the laws and protections granted to us by the government.
What? Of course they're still subject to laws. There's so many laws and precedent based around banking that it requires specialized lawyers.