298: Don't Accidentally Become a Bank

Brad & Will Made a Tech Pod.

Nice Segue, LLC

Smart Phone, Society & Culture, Ios, Apple, Amazon, Smartphone, Tesla, Tech Pod, Tech, Phone, Technology, Space, Android, Google, Microsoft, Science, Videogame, Video Game, Games, Electric Car, Techpod

4.8 • 521 Ratings

🗓️ 3 August 2025

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

Steam and itch.io have recently come under fire from some of their payment processors for hosting adult content, leading to the removal of a lot of that content and a resulting backlash about whether these sorts of financial companies should have this kind of influence at all. So this week we did a primer on what exactly a modern payment processor is, how it relates to banks, where it sits in the tech stack that facilitates a modern purchase or other financial transaction, the sorts of terms and rates it offers to merchants, and more. We also ruminate on the specific situation playing out in the online games retail space, and also take a few more of your questions at the end of the episode.

Transcript

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0:00.0	Brad, we survived tsunami 2025.
0:24.6	Did we? I think I might have slept through it. I guess that's a form of surviving it. Did you not get a notification on my phone? Like the blaring like, hey, you might be in danger, get to high ground kind of thing. Well, no, it starts with, hey, tornado, turn on tornado. Tsunami warning. God, let's not also have tornadoes here, please. I mean, we do have those occasionally now. It's great. Thanks, thanks, Obama. The, yeah, no, I got a notification last night that was like, hey, there was a giant earthquake
0:30.6	in Russia and you're in the tsunami warming zone. More information to come.
0:34.6	Dude, that thing was an 8.8.
0:36.6	Yeah, it was a big big it was a big boy
0:39.1	it's like historically big it's the biggest one in a decade top 10 it's up there with like the
0:44.4	Chile one in 2010 that killed a bunch of people and the one in the Indian Ocean that caused that
0:51.3	big tsunami that they made a bunch of movies about. Like the Christmas Day one?
0:54.5	Yeah.
0:55.1	Yeah.
0:56.0	Yeah.
0:56.7	So anyway, off of a rush, off of Russia, there was a 8.8 earthquake last night.
1:02.0	And different parts of the, of the Pacific, the Pacific Rim had different levels of
1:07.9	effectiveness, right?
1:09.4	Which is weird about so.
1:30.3	Like, every time a tsunami warning happens, I have to learn about tsunamis because this is weird, but they didn't teach us about tsunamis in Tennessee elementary school. Like they did tornadoes and hurricanes. Yeah, weird. Yeah. So, I'm going to say, I'm going to say if there's ever a tsunami big enough to reach Tennessee, that any level of disaster preparedness is probably inadequate.
1:31.9	Look, I've seen deep impact.
1:32.7	I know how that goes.
1:39.7	But yeah, no, the, the, the, kind of TLDR is that we ended up getting an advisory,
1:42.2	which means don't be in the water. And if you have a boat, maybe consider taking it out of the harbor because it'll be fine in the ocean, but we'll get jacked up against the dock and the jetty and all that stuff. And sure enough, I woke up this morning. There's video of Half Moon Bay Harbor, which is like 10 and 15 miles south of me. And there's boats going up and down a meter. And yeah, We've got the three, two to five feet, it looks like. That's pretty substantial. Yeah.
1:44.1	I like, of me and there's boats going up and down a meter and yeah we've got three two to five feet it
2:02.3	looks like that's pretty substantial yeah like everything everything i have ever read and heard about
	...

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