The Ghost Platforms That Broke Our Payment Rails and How We Unchained Ourselves
The article discusses the challenges faced by creators in the MENA region due to payment platform restrictions. It details the transition from relying on external payment gateways to developing a local payment system called the Lebanese Pound Bridge (LBP). This new system improved payout speed and reliability while ensuring compliance with local regulations.
- ▪Creators in Beirut, Tripoli, and Amman faced issues with PayPal and Stripe due to sanctions and account verifications.
- ▪The team developed the Lebanese Pound Bridge, a custodial wallet system that allows direct withdrawals to local bank accounts.
- ▪After implementing the LBP, payout latency dropped significantly, and failed payouts decreased from 37% to 0.3%.
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try { if(localStorage) { let currentUser = localStorage.getItem('current_user'); if (currentUser) { currentUser = JSON.parse(currentUser); if (currentUser.id === 3942447) { document.getElementById('article-show-container').classList.add('current-user-is-article-author'); } } } } catch (e) { console.error(e); } Faith Sithole Posted on May 21 The Ghost Platforms That Broke Our Payment Rails and How We Unchained Ourselves #webdev #programming #security #appsec The Problem We Were Actually Solving By Q3 2024, creators in Beirut, Tripoli, and Amman were telling us the same story: PayPal wouldnt verify accounts with Lebanese phone numbers after the 2023 sanctions. Stripe blocked entire countries overnight. Gumroad paused payouts to MENA creators citing OFAC.
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