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That is exactly what the parent was saying. They would not consider a financial product that bypasses the major payment processors (Visa/MC) unless it has simil
by gervase 8y ago
That is exactly what the parent was saying. They would not consider a financial product that bypasses the major payment processors (Visa/MC) unless it has similar customer protections built in.
- onlyrealcuzzo 8y agoI'm confused. The Apple card is a MasterCard.
- sk5t 8y agoAnd the post at the head of this thread contemplates the utility of Visa/MC in general. Not really a concern leveled at Apple's thing in specific, and I wouldn't want my concern about consumer protections to be construed as such.
- mikestew 8y agoThe original question: How long until these companies start skipping payment processors like Visa and Mastercard? Should that come to pass, the Apple card becomes...an Apple card.
- onlyrealcuzzo 8y agoI see. I guess it seems fundamental to me that a credit card would have these properties -- even though it's not necessary to actually fulfill the role of a credit card -- which is just to provide credit. The two seem intertwined, even though they aren't. I just assumed Apple -- if they became a payment processor -- would still provide those protections. If they didn't, which I see is maybe what the OP was alluding to, why would anyone use the card?