Quote:
Originally posted by jact
And it's that same regulation that's driven them for the most part offshore.
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I agree. But that same regulation also protects webmasters, at least to some degree.
If you were one of the PayPal merchants who lost a lot of money, you could at least sue them in the U.S. (and, that's already being done.)
And bank regulators did get on their case when both consumers and webmasters filed complaints against PayPal.
But I doubt there's many remedies available with these offshore entities.
I'd rather have some regulation than little or none, but that's just my personal preference.