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Unfortunatelly, this is not really true.

You bear all the risk as the merchant, the customers can simply reverse a transaction, repeatedly, without providing a reason, for up to couple months.

That is a very selective and borderline illegal description they are using. A bank is a credit institution, but now every ci is a bank.

Paypal and revolut are 100% not banks, they are financial institutions or emis, They can manage your money but not lend out anything and they have to hold the assets at 3rd party banks.

Yes indeed, every integration costs:

- kyc onboarding, getting and processing the docs and forms never goes smooth, can take 2 to 10 business days.

- integrating the gateway, 3k setup fee on average, plus dev cost for mapping the servers, doing the front end and the tests

- sometimes, due to being labeled a high risk sector industry, only trusted visa traffic, or an allocation thereof

And indeed, losing 30 percent would be the end, we operate with a 4 to 12 percent net margin, thanks goodness credit card payments are only 10 percent or so.

I am a total crypto sceptic, and the crypto psps are immature, but they are causing the least hassle.

We have 3 credit card processors and every freaking rule is always in their favor.

They have a downtime for visa, lasting 3 weeks? Nothing you can do, the gateway still charge you one quid per failed TX.

The worst was a single chargeback collapsed a MID and the processor refuses or claims they will not honor the settlement.Something like 20k usd for a months business.

All due to them miscoding and the chargeback exposing their miscoding practices.

Is there any recourse for this?

Any fintech news outlet where they can be named and shamed?

I have calculated salary costs alone to be 30m a month at least. Could also be up to 80m, though, I have used the most conservative calculation I could reasonably come up with.

Then comes office infrastructure, if any and cloud assets.

I mean, being the custodian of funds actually costs money, one should wonder about the motives of the exchanges offering custody for the funds.

There are many banks in europe that will not open accounts for people who just moged there, unless they bring along plenty of money.

This simply means that having your coins on an exchange is the same a forfeiting them unless otherwise proven.

But the crypto exchanges double down on that, they speculate like the banks do, but with zero risk managment and oversight, the biggest accounting firms do not want to offer their services to them.

They have also leveled up their exit strategies, instead of the plain old run away, they run the business while they can extract money and then later they seek legal cover under the umbrella of bankruptcy laws.

This will be watered down in every way imaginable, escpecially the usual suspects like Malta with a straight up fraudluently advertised 30+ % corporate tax rate ,but they "refund" you everything but 5%, making it an effective 5% tax rate.

There is no way Malta will play along, it is a small state abusing all the EU benefits for nefarious purposes and never contributing anything useful.

This is just an example, there are many, many more more sophisticated schemes like that, Malta is just doing it openly.

What can I say, I had this thing frequently crash with no warning, it did not lose data or anything, but it crashed at least 10 times a day, with 2 projects loaded into it.

Apart from that, was a great tool.

Sure jQuery as a selector engine has more or less been replaced, css has advanced etc.

But the jQuery UI widgets are battle hardened and easier to deploy, case in point , date pickers, calendaries and well, slideshows.

And you can kind of replicate some of reacts behaviour regarding state management.

If all you need to do is keep state on a handful of elements, there is no need to develop in react.

Infact, just like the jquery heydays, react is often overused, for the most simply web forms, menus, footers.

And, no need for router and other state management tools.

Might be a bit unpopular, but when its all said and done, its compiled to js either way, I kinda like jquery or vanilla js for the front end and node/express for the back end.

The amount of react devs which struggle with css and vanilla js appears to be higher than during the jquery days.

They do not, but the financial system is the same everywhere in the world, you do not want to be labelled as a high risk jurisdiction by the banks, acquirers and PSPs.

Let us use an example, Moldovian fraudsters using stolen credit cards and kyc docs online, this leads to chargebacks etc. None of these cards are issued in Moldova, they are issued by american, british, new zealand, spain etc.

These banks often have offices in the countries where the fraudsters reside and they will absolutelly go for the fraudsters, if the word is that their cards and products can be compromised without consequences, they will lose a lot of revenue, customers, trust and reputation.

The government will not tolerate them becoming a high risk jurisdiction because of some carder kiddies, they will totally look them up.

I have friends who know many russian(many are coming to southern europe and russian friendly countries like serbia) friends who tried some stuff like that out of pure desperation, none of them made big money, but all of them eent to prison.

I work in finance and had personal correspondence with some fraudster groups, if you explain to them how you are going after them preciselly, step by step, they will immediatelly offer a truce. I am talking about really highly sophisticated groups here.

They know to not fly too close to the sun.

Seems like they are in an irreversible development hell of bugs. Probably the whole soft and hardware infrastructure was badly planned and/or implemented.

If they are developing it and it is getting worse, this simply means there is a lot of technical debt and more to surface. The guy leading it has left as soon his stock vested, why not stick around and write history?

Probably when waymo departed from them and they thought they will fork the code and then improve it is where it all went wrong.

This also means that new devs and engineers cant make sense of the code and product, we have all inherited some of these code bases, havent we.

Seen many such people who deploy much less than a mvp and then face the consequences eventually.

All the mvp out there who survive the beginning at least have a solid software architecture.

I always wonder why people are so impressed about his excel skills.

I have seen many people in BI being much better. He just knows his shortcuts and pivot tables, this is standard stuff.

And the mayor discipline, if anything, are customized macros which run cross device for a whole department, like opening one reports, filtering the data, creating a new file with a date stamp etc and sending reports and stats.

If they call it a failure, yet still sell it, then it becomes fraud, doesn't it?

People always say Russian scammers are safe if they do Cc fraud etc. This is absolutelly not true, maybe some government collaborators get away with it because it is sanctioned, but the regular joseph will absolutelly go to prison, or be recruited for a war zone.

And the back ups regularly lose data, a good percentage of the images are simply not to be found. Must me my fault, certainly.

No more macs and iphones for me, that and the app "numbers" have been the very last straws.

I see it the same way, once you were in and left on good terms, you are always welcome back . I treat it as my fallback too, the shifts are easy, all you have to do is not be late (or early, for that matter) and adhere to break times. If you do that and you are not the weakest performer, you will have a good life. It is one of the very few companies where taking ownership is really rewarded, they lay the path for promotions, they even ask you which role you would like in the future and no hard feelings if you leave for another department.

I have never seen or witnessed micromanaging, the holiday system is the best I have seen. Keep in mind I was a fully virtual employee, maybe things are different in office.

I know I can go back there if I like and enter at a level where I get stock compensation right away with a solid salary.

If you collect plenty of accolodates and maybe get a badge or two, they will never forget you.

I think they habe a very good screening process and a pretty good sense for hiring the right people at any level(the requirements are rather high for the salary).

The reason why they like to re hire people is often the immense onboarding cost, anything level 3 and up requires quite some learning and training time before you can even think of being productive. If I was hiring, there is no way I would hire a level 5 from outside amazon if I could give that role to an experienced level 4 employee. All teams are pretty huge, think of lets say 10 head team, within the first six months, they will habe 2-3 months of training and upskilling, and really, you have to habe that training to do things like vcs, vat etc, as you will at least have to have some fba skills for that role.

If Amazon is letting people go, it must be pretty bad, usually they are not cheap about redundancy, theu are wise enough to be ready for spikes in business. Not sure what has happened there and I strictly speak for office jobs in europe, everything else , I do not know. The whole thing is quasi subsidised by aws and this comes bit as a surprise to me.

I prefer bit more risky endeavours and chose amazon whenever my risk apetite has decreased.

Amazon is a rather solid employee if you perform, just be on time and have good adherence time, as a company with a million employees, this is understandable. It is also much less chaotic than you would imagine from such a giant corporate entity.

If they need you for programming, aws sales, language skills and tax matters, you will be doing fine there. On tax matters or newly established teams, the next level is always in sight and within reach. I hope the severance packages will be fair. I struggle to understand the bad rep for amazon seen online, working for musk or google is many times worse. Facebook used to be pretty good from what I hear.

Maybe its all individual perception and a bit of luck or misfortune.

As for the screenings, yes, they do, but they do not care about memorized things, they try to care and see how you start to deal with an issue.

He is probably preparing for prison time. All jokes aside, he used to game a lot, I think it was always to distract himself from stress. Business going bad and only you know it >> excessive gaming. Engaging in fraud and being nervous about it >> more gaming. Looking at a lot of prison time and death threats(there have been many on reddit) >> more gaming.

It is a coping mechanism.

Another question is, what takes the smartest mind?

Software engineers?

Medical doctors?

HFT?

Someone like Zuckerberg?

Some senator anywhere in the world?

Very hard to compare unless you have worked with all of them.

I frankly do not know, but I have severe doubts that its politicians.

Trump ran the worlds superpower and its still standing. His casinos did not all survive.

Makes me think.

I mean, if you look at scientists, theyre all top of their field, they are there for the sake of science.

Now look at Boebert and similar, it is safe to say they would never be great scientists.

Of course, this is not universally true, but there is an undeniable tendency.

I was always wondering.

Ant politician cannot make everyone happy.

The brightest do not go into politics, the morally cleanest do not go there either.

So what is left? The power hungry and greedy, not sure if any party is better or worse.

I cannot think of one government that is perceived as great by the populace and foreigners on a wide scale.

Same for the powerful insurances, tech companies, banks, the leaders arent the best, the whole and lack of better competition makes them strong.

Yes, just do not forgett to have the kid do some sport and be active, that helps as well.

Wait, what kind of crime? I am not using tik tok, i always thought its for 15 year olds. So what kind of crime is posted there and who would be so daft to post incriminating video footage of themselves? And even if true, if this is owned by china, and I smoke a joint in front of a camera...what are they gonna do? They do not know where I am, who I am and who has jurisdiction. If they report me to the canadian authorities, they are sol, it is widely legal to smoke that in CAD.

If they report me to the uk government, nothing will happen. If I never go to china, nothing will happen, so what is the basis of your thoughts on this?

Indeed, the best metric is some sort of cpa media buying experience.

I have the following channels:

- twitch, good roi, short lived - affiliate forums, long lived, breakeven roi - youtube, fb, ig, cant ever recover investment, only good for content creation - ad networks and tik tok , totally 0 conversion rate even at what appears to be tremendous amount of traffic.

So yeah, if you arebin my niche a and a million views does not convert, then that algo and the platform are useless.

Whats the gender segmentation on that, any info?

I agree, this is why i use a chauffeur.

There is truth to that, but these kind of companies have crossed all lines. Takes a lot before truly greedy politicians intervene, it is against their nature.

I fully agree with your historical point, I read about thensoutj sea company in the uk and the stake holders, i was shocked, but nor surprised. The wikipedia page actually makes for good reading if you have time.

Indeed, in their defense, thet have bowed down to some regulators and are run like a business now in places. After being strong armed and forgetting to pay taxes, but props for that, fair enough and honorable. Just that its subsidised by pirating maneuvers in other places.

Sometimes, Americans and american businesses do not understand the social leaning eu countries, the people have worked hard for generations to keep people like uber(yes , people, we know behind companies are people) at bay and they know why. People want to be able to live off of one full time jons salary, no matter the sacrifice. They also want to their neigbors to have the same privilege, they dont want their neighbors to rob them. And if it does not work, then the social system shall serve as a fallback.

Nothing to do with lack of work morals, it is a different mind set.

Perhaps I should have said EU. Or market.

Either way, outside of madrid, you will have a hard time to find an uber in Spain, which is a complicated country.

Let us do the math. EU has 450 million people, Europe has 740, give or take.

Deduct the Russian market from that, they are out over there.

It was banned then unbanned in places, fe Turkey.

In switzerland, the owe 150million in taxes, not clean solution, is it. In other words, it is worth it to them to operate there having to pay that restrospectivelly, I dare you, try to steal 150m from the Swiss and see how that goes.

Your list leaves plenty to be desired, it does not contain Greece and the Netherlands and Finland, and Belgium.

So 740 m minus

RU has 140m population, of which 100 to 110 m live in the european part.

660m left

Minus Germany and Uk, this leaves us with

510 million, by now, we have excluded almost the entire us population and the countries with most purchasing power for sure.

France, italy and lets say half spain is Nother 130m, leaving us with 380m.

This is half of whole Europe and half of the european union and we are not through yet.

Next most populated country would be ukraine, I would say legal or not, their serives are currently disrupted there by ongoing events.

In other words, europes best economies do not wanna hear about uber and there was no popular uprising about it.

They should take the hint and stay away.

Theybare venditor non grata, that is a horrible business result after a decade of operations.

Sure thing, used to be like that in Europe, too, give it some time, they will come around.

Price is king is a relative palavra, if it were unconditionally true, then squatting and car theft would be the ultimate solutions.

I know, these are not very legal, but the same can be said for uber and airbnb, they carefully select to be just as illegal as they can before having to deal with some serious consequences.

They are not pure anarchist disruptors, they are calculating cowards and they calculated to waste investors money from the get go.

If history shows anything, the first and dominating self driving taxi fleet will not be teslas or ubers.

They have announced their visions harder than they are working on a solution, esp ueber.

It was not just him, it was on a wide scale, he was dismissed because it all hapoenednon his watch, unless I am grossly mistaken.Guy is not fit to run a business, if he is not in jail for breaching laws with his products, then somebody should be sent to the slammer for sexaul assault, wouldnt you agree this is crossing the last and final taboos in society and law? Sexual misconduct is punishable by prison in the us. I opine that this is morally worse than running a brothel, the women do not sign up for the sex part and the salary is worse than a strippers. If these men are desperate for sex, they should be looking for it elsewhere.

Top management of banks and such at least have the courtesy to simply pay for an escort not associated in any way with the business. Most of them even simply live a solid family life. You will be hard pressed to find such misconduct in the classic instututions.