Comment Re:Payment Processors are Private Companies (Score 1) 95
Because of their stranglehold on the transaction market, it can be argued that they are a monopoly and perhaps subject to anti-trust legislation. Also the fact that they may have acted in concert may be deemed anti-competitive; there is plenty of legislation that the EFF can fight with. Admittedly it would be breaking new legal ground, but that hasn't stopped the EFF bringing such actions before.
Also by having a stranglehold on a particular market it is possible that you have a "right" to have your transactions processed, in the same way as internet access is in some countries, beginning to be seen as a right.