It’s Time for Payment Processors Like Stripe and Paypal to Start Publishing Transparency Reports

Modern payment processors are making hard choices every day about how and when they’ll stand up for users. Whether they comply with or reject a government request for user data and whether they shut down an account or leave it up can have enormous ramifications for what types of speech can thrive online. These choices shouldn’t be made in a bubble, shielded from public oversight. Payment processors like Stripe, Paypal, Bitpay, and Coinbase are the intermediaries that allow you to support your favorite websites, send donations, and make purchases online. They’re often privy to details of your financial life, which can be deeply revealing. Your finances can say a lot about your daily habits, your political orientation, your physical location at different moments in time, your associates, and your health concerns. Given how sensitive this information is, you might assume that law enforcement agents must show probable cause to a judge and receive a search…

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