Can Online Payment Processors Be Trusted?
Many of us consider payment processors like Paypal and Stormpay to be safe places to keep our money so we can conduct online transactions easily. But when a company like Stormpay, who is owned by a lawyer, decides to rewrite their TOS (Terms of Service) and basically give themselves complete authority to take peoples money without having to explain why, thatĀ's when we need to be worried. One of their TOS changes now grants Stormpay authorization to just go into peoplesĀ' bank accounts and take whatever funds they claim are owed them for who knows what. This caused a huge rush of bank account owners around the globe to close their bank accounts that Stormpay had access to.
Thousands of people from all over the worl...
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