“We’re dropping Stripe - Changes to Odysee’s Payment System”
also thot youd be interested in this: https://odysee.com/@Odysee:8/weredroppingstripe:e
some quotes from this article:
“We’re dropping Stripe - Changes to Odysee’s Payment System”
“Stripe now wants to know all about our users, they want us to collect all kinds of sensitive information about you, because Stripe doing KYC checks as the money transmitter is not enough. Users should go through a prior round of arbitrary KYC checks first.
That's not the worst offense though. Stripe requests Odysee's incorporation of third party moderation tools to ensure that everything Odysee users post is in alignment with their own policy even if those users aren't even using Stripe for monetization in the first place!
So that's it, we're dropping Stripe.”
“Forcing Odysee to restrict users from using Odysee because they don't align with Stripe’s policies (which are not ours) is where we draw the line. That's nonsensical, and it's also none of your business who we platform.
“What’s next:
We’re developing new monetization tools which provide creators with greater autonomy and lower fees. Switching to another centralized payment processor like Stripe would likely cause similar issues in the future, so we’re fully embracing blockchain technologies for better freedom in transactions. Odysee will also no longer take any cuts of tips/purchases/rentals, nor pass on processing fees to users for memberships. Transaction costs to send/receive will be negligible, which also opens the door for microtransactions - e.g. tipping in the pennies, and lower membership tiers!
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