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I’m not specifically talking about porn. I’m talking about the issue that major processors such as VISA and MasterCard hold too much power in general, and eith
by kuschku 9y ago
I’m not specifically talking about porn.
I’m talking about the issue that major processors such as VISA and MasterCard hold too much power in general, and either should be broken up, or shouldn’t have the power to choose their customers.
For example, a few years back a major German retailer sold cuban cigars — and MasterCard, VISA and PayPal closed their accounts over it. Luckily in Germany wire transfers, direct debit and Europay cards are common enough that they had an alternative, but it still became a major issue, and the Rossmann chain refused to do what the processors wanted, because they argued that these companies had no right to enforce US laws in Germany (and Rossmann prevailed, in the end PayPal and co had to allow Rossmann to sell such products via their payment systems).