Thursday, December 12, 2024

Tag: The Shame of Being Debanked

The Shame of Being Debanked

by Will Jones, Daily Sceptic:

The debanking phenomenon is probably far more widespread than we’ve been led to believe, writes Toby in Spiked, “mainly because the majority of people it has happened to are too embarrassed to talk about it”. Here’s an excerpt.

When I got a message from PayPal last year telling me my personal account had been closed, my initial reaction was shame. Being deplatformed by a financial-services company, whether a bank or a payment processor, is a mark of Cain. You wonder what you’ve done to deserve being cast out in this way. The last thing you feel like doing is drawing attention to it, not least because it might lead to losing your other bank accounts.