And what would prevent us from accepting minors as our clients or lowering our commission? Both would be possible with the push of a button and some changes in our TOS. We probably won't do either and there are reasons for that. Just trying to dismiss this point.
Interesting discussion overall...greetings from Hannes (CEO SkinBaron GmbH)
You are right, you could do that. It would mean some changes to your KYC flow, and probably also a few chats with the bank to stay compliant. Lowering comissions sure. I am not aware of your costbase but could be doable. Now that you are here, why do you charge so high fees? And what are your thougths about Netease looking towards the west?
Regards
Martin Co-founder GamerPay (YC summerbatch '21)