4 votes Peter Panski — 4 votes, 3 commentsSource

This is really bad :-(

Now they are in a really bad position, because their modus operandi is the same reason why Gratipay failed. Unless they can find another money processor......

Other alternative:
avoid EU regulations by operating from the US like Gratipay did

and be illegal like Gratipay was?

Why did Gratipay fail?

Because they were operating illegally according to US laws (and probably EU laws too). There are some old threads here if you search for gratipay or snowdrift. There should also be more of this on the snowdrift website somewhere.