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PayPal To Suspend Business Operations In Turkey Following License Denial (thestack.com)
An anonymous reader quotes a report from The Stack: PayPal has announced the suspension of its business operations in Turkey as of June 6, citing failure to obtain a new license for its service in the country. Turkey has made recent efforts to promote its own domestic tech sector, advancing censorship laws and other regulation to push large international companies out of the market. PayPal, as the latest victim on this trail, posted a statement on its local Turkish website today: "PayPal's priority has always been its customers. However, a local financial regulator has denied our Turkish payments license and we have had to regretfully comply with its instruction to discontinue our activities in Turkey." The denial of PayPal's license, by local financial regulator BDDK, comes following the introduction of new national rules in Turkey which require IT systems to be based within the country itself. PayPal runs its global business from a large portfolio of IT centers around the world. Turkey isn't the only country tightening its grip on the Internet. The Iranian government has given companies behind popular messaging apps one year to move their data onto servers in Iran.
Just add it as another to the long line of the president of Turkey's great successes.
https://www.youtube.com/watch?v=R2e2yHjc_mc&feature=youtu.be
Do governments expect people to make accounts with all the "PayPal-type" companies in the world?
The only thing this will accomplish is push people to use Bitcoin or another decentralized crypto-currency.
yeah, you with the gold stars on your greatcoat. just pull the plug that hooks you to the decadent scum in the rest of the world. keep it local. we don't mind.
if this is supposed to be a new economy, how come they still want my old fashioned money?
I predict in the future more countries will require company to host data in their own country. We already started to see those kind of policy from search engine, social media and now the banking sector. What kind of nightmare it will be have a global company?
So every IT company has to have infrastructure in Turkey to do business there? Sounds like they'll seriously limit their ability to participate in modern global commerce.
The people need to look at the countries which tightly control the internet and let Islam make the rules, and they need to decide if that's how they want their country to be in the not so distant future.
As much as I hate protectionism in general, it isn't unreasonable that a country wants the right to subpoena information about financial transactions (please no trolling, laize faire bitcoin nut jobs). The fact that the records are physically located in the country isn't surprising as it enforces that leverage on the companies doing business there.
Nobody blinks an eye when the EU demands patient records and other 'protected' confidential data being held solely in Europe, but being financial in nature, all of a sudden that's overreaching?
All I can say is if you're a multi-national without the ability to data partition geographically, whatever your business is in, you're just welcoming a pain in the ass now or in the near future.
I imagine this really comes down to cost. Turkey probably isn't a big enough market to justify the datacenter. This is news people!! ...
Bye!
.. one thing for sure, they won't be getting EU membership in the next 20 years or more, they are only wanted for geographic location for NATO airbases, nothing more.
is looking a lot better now huh???
This is a MAJOR calamity. Where next? iRaq? Then Syria? Is The Ukraine safe at least?
Anyone who has used paypal for charity will tell you that the priority at Paypal is not the customers.
How to take your N world country and turn it into a N-1 world country: Restrict the Intertubez.
Way to walk it back.
I've fallen off your lawn, and I can't get up.
The internet tore down the majority of border walls worldwide, at least from an information/commerce perspective. Various countries have tried different solutions (international agreements/treaties, great firewalls, local laws, etc.), but the only way to assert sovereign control of network resources is to ensure that those resources lie within and are subject to the laws of the governing nation. For a lot of countries, not being able to control commerce/information/communication is a major issue which the internet has created.
Ex-Miss Turkey sentenced for insulting Erdogan
A Turkish court has convicted a former Miss Turkey of insulting President Recep Tayyip Erdogan, giving her a 14-month suspended prison sentence.
Merve Buyuksarac, 27, was found guilty of insulting a public official for postings she made on social media. She denied insulting Mr Erdogan.
And these fuckers want into the EU?!?!
Will Europe grow a spine?
Recep Tayyip ErdoÄYan is an asshole, but Paypal is not behaving any better
In June 2011 Paypal freezes Wikileaks account denying users from contributing to Wikileaks
https://wikileaks.org/Banking-...
https://www.wired.com/2010/12/...
I for one am glad the two can't work together, or our world will become so much worse
It certainly makes Bitcoin sound more like a viable alternative and less like crazy talk.
It was a mistake to keep Turkey out of the EU. If they had been given a pathway to membership in the 1990s they would have had to avoid all this Trumpist protectionism nonsense, they'd have gotten with the program, and they'd have opened their market up to international competition. Instead the hand of extremists has been strengthened in a country where the progressive side of politics once stood a decent chance of modernizing the place.
Drill baby drill - on Mars
This feels really bias. PayPal is a major international player and they're pretty much the size of several big evil banks.
America is the only country I've lived in within the past several years where individuals cannot send money to each other electronically for free, via the national banking system. In Australia, you need someone's name, bsb and account number and you can send money to anyone, with any bank, for free, from your phone or web browser. In NZ, the bank and account number are one big number, and you can transfer money to anyone, on any bank, for free using your phone or the bank's web site. In Germany and other EU countries, you get the added protection of a TAN number; a one time use code.
In America, we still have no person-to-person system and we never will because companies like PayPal are big and Square are growing and there is a lot of money to be made in keeping a system like that from every being implemented.
Maybe Turkey is just tired of PayPal being a big massive banking giant and maybe they want to promote their own technology and allow transfers to be free without the need of an external company?
Of course, considering that recent data leak and the quality of their software, any attempts will probably be horrible.
...PayPal will not suspend business operations In Turkey due to their anti-gay policies.
Hypocrites.
This is a big problem for small businesses there who use Paypal for payment processing, especially when they do most of their selling through sites such as eBay -- suddenly they suddenly have to find another solution. Apparently many people are looking into setting up bank accounts outside of Turkey to get around it; one of the options a lot of people are considering is Estonia's e-Resident scheme, which allows you to register your company and use a bank account in Estonia.
Turkey is an increasingly unacceptable "ally". We need quick regime change, think Spec Ops. Ergodan needs exile asap. How evil can our "allies" get before we recognize them?
The current regime in Turkey certainly isn't winning any civil or human rights awards at the moment. I'm no fan of them myself. However, what is this policy really doing? If the data centres must physically be in the country then they're under the jurisdiction of the local courts for things like protecting consumer rights and making it easier for Turkish citizens to take PayPal to court when it (frequently and arbitrarily) screws its users over.
would read "PayPal to suspend business operations". Full stop, no qualifiers.
'The Economy' is a giant Ponzi scheme whose most pitiable suckers are the youngest among us and the yet-unborn.
I have used paypal for so many ebay transactions, now I am really worried about what to do. I just make my payments for good, dont receive money. How will paypal detect my presence in Turkey? the credit card issuer? address that I give them for billing? do you think I can circumvent its checks by logging from a vpn and creating a new account? any ideas?
I have been using paypal/ebay for years, and made more than a hundred payments online. Now I am thinking of a solution to circumvent paypal geographic restriction, do you have any ideas how I can do it? first a new account with a vpn, then an address outside Turkey? how about the credit card? is it possible to get a virtual card from a company that gives no credit actually but just for carrying out the transactions when there is enough balance in it? I need ideas really, thank you.
Trust is important when it comes to money. I use PayPal to mitigate risk for dodgy sites requiring i.e. credit card information. Until recently I was able to use fast funds adding - directly from my bank account to PayPal account in same bank and it took minutes. But recently PayPal changed (at least in Europe) payment operator and now to use fast funds adding they require from me to supply this operator with MY login to bank and MY password to bank and THEY logon to MY account and make required transfer.
Such convenience (they think).
I'm not gonna do it. No fscking way.
Bank has no obligation to make any refunds in such situation when something goes sideways. Situation was even catched by regulatory body here in Poland which published recommendation against such practice - as a warning to banks customers.
Only option for me now is to make standard bank transfer and wait 2 (two) working DAYS for funds to appear on my PayPal account.
Hmm, what do these two cesspools have in common? Oh yeah. They're both living in the dark ages.
Don't get me wrong, the middle-east is problematic with censorship, but companies like Paypal, Google, etc should move "data" to such countries only if it reduces latency, that is the ONLY reason this has ever made sense.
Because of the way the US seems to think the Internet is America's back yard, it makes sense to not put financial or private information in the US, yet PayPal prefers to base everything in SLC and only have offices in other countries for native language support. It doesn't make sense from an IT point of view to have more than 3 data centers.
You want exactly 3. One in the US, one in Asia, and one in Europe. In the even that some disaster befalls one of the data centers, your other two can agree on which data to restore to the third. Having 100 data centers is hopelessly stupid. If you're going to have one in North America, you're better off having it in Montreal where they are out of reach of the FBI and NSA. In Europe you want it in Dublin, and inf Asia you want it in Japan.
You never want to have data centers in Iran, Turkey, Israel, Russia, Romania or Ukraine because of the high level of corruption inside the government. Hell you probably don't want to start a business in these countries to begin with, you might get murdered.
I agree with you on staying away from tasks that might involve potential copyright issues. For those items,
I tend to work with more local pros that I know and trust.
https://goo.gl/g5GJb0
Is this about the internet, or is this about national identity and fiscal control?
My $0.02 will always be worth more than your â0.02, so