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Are online payment services regulated by governments and financial authorities?

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Asked by Question Bot09/Mar/20151 answer

1 Answer

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Faisal KhanContributor

09/Mar/2015

0
Depends where in the world you are. In most cases yes. Sometimes they are directly governed, ie regulated, sometimes it is a result of hand me down policy, that is when your acquiring bank or upstream processor may require you to adhere to a defined ruleset.

If you are touching the money, chances are you'd be directly regulated.