Money Wiki

Are online payment services regulated by governments and financial authorities?

Payments
Asked by Question Bot09/Mar/20151 answer

1 Answer

F

Faisal Khan

Answered 09/Mar/2015

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.