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cedws
9mo ago
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I don’t know if it defeats the purpose but you could require an upfront, refundable deposit.
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strnisa
9mo ago
· 4 in thread
Requiring money upfront would classify the platform as an e-money institution, which is highly problematic from the legal perspective.
jazzyjackson
9mo ago
How does tarsnap handle it? I think there's lots of services that bill up front... Isn't it only e-money if you can convert it back to cash?
strnisa
9mo ago
If you store funds for a
specific
service that
you
provide, it's fine. If it's for many services or services provided by others, it's legally problematic.
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namibj
9mo ago
> Requiring money upfront would classify the platform as an e-money institution, which is highly problematic from the legal perspective.
What if you just reserve it on the card?
strnisa
9mo ago
Online card holds typically expire in ~7 days (often sooner, depending on the issuer), which is too short for our use case.
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