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US lawmakers urge PayPal to end ban on Palestinians in Occupied Territories

arabnews.com

11–20 of 193 posts

Re: US lawmakers urge PayPal to end ban on Palestinians in Occupied Territories

#11
it sounds like we need an anti-OFAC law. Instead of only telling companies who they can't transact with, tell them who they can't arbitrarily not transact with.

We need a financial bill of rights. Custody and payment rails should be like public utilities where everyone can use them regardless of your opinions about them.

Re: US lawmakers urge PayPal to end ban on Palestinians in Occupied Territories

#12

The only thing this will result in is even more funding for Hamas, and possibly even money laundering for Iran.

What should ordinary people in the territories do?

I mean per the article, Palastine has banks with corresponding US banks to handle transfers. So, ordinary people of those territories can use their banks.

Re: US lawmakers urge PayPal to end ban on Palestinians in Occupied Territories

#13

>lawmakers urge Shouldn't lawmakers, um, make laws? Instead of asking nicely?

Yes, but I wouldn't be surprised if signing a meaningless letter an aide wrote gives better PR than pushing for a failed bill. And it's hard to imagine a pro-Palestine bill actually passing.

Re: US lawmakers urge PayPal to end ban on Palestinians in Occupied Territories

#14

The only thing this will result in is even more funding for Hamas, and possibly even money laundering for Iran.

You do not believe that there are any Palestinians who might have legitimate uses for PayPal?

But they made the misstake of being born at the wrong place.

Re: US lawmakers urge PayPal to end ban on Palestinians in Occupied Territories

#17
I'm curious why PayPal bans Palestinians. It's not like they want to limit their addressable market.

Seems likely related to OFAC, which is tough to google casually

https://ofac.treasury.gov/sanctions-programs-and-country-inf...

Nothing specific to Palestine on the country programs, but OFAC explains further that our sanctions are much more complicated than country-by-country here:

https://ofac.treasury.gov/sanctions-programs-and-country-inf...

Re: US lawmakers urge PayPal to end ban on Palestinians in Occupied Territories

#18

it sounds like we need an anti-OFAC law. Instead of only telling companies who they can't transact with, tell them who they can't arbitrarily not transact with. We need a financial bill of rights. Custody and payment rails should be like public utilities where everyone can use them regardless of your opinions about them.

Any financial bill of rights passed would not apply to Palestinians

Re: US lawmakers urge PayPal to end ban on Palestinians in Occupied Territories

#20

Earlier quoted context omitted.

What should ordinary people in the territories do?

I mean per the article, Palastine has banks with corresponding US banks to handle transfers. So, ordinary people of those territories can use their banks.

What kind of hurdles does someone need to overcome to transfer money to a Palestinian through the bank? Banks deal with the same OFAC requirements that PayPal does.
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