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PayPal To Suspend Business Operations In Turkey Following License Denial (thestack.com)

Posted by BeauHD on from the shown-the-door dept.

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.

1 of 91 comments (clear)

  1. Re:Short-sighted by topologist · · Score: 5, Insightful
    The most routinely annoying example of Paypal sliminess is their refusal to allow a user to set the default payment source to a credit card.

    If you have a linked bank account, it defaults to that, and you have to manually change it for every payment. This is clearly based on the hope that many users will neglect to do so, and so they can debit money with no cost to them from your bank account (while charging the recipient 3.5% or more), rather than paying the credit card transaction fees (some of which go back to the buyers, if they're smart and have cash back or rewards cards).

    Followed by their invariable attempts to sell your their horrible credit cards, dire and false warnings about credit card charges unless you use a bank account, false warnings about foreign exchange conversion fees.

    Not the most egregious issues I'm sure (I've never sold anything via ebay or paypal), but makes the whole experience unpleasant.