3 ms·
Aren't both Visa and Mastercard US-based and thus subject to the same executive order? So chargebacks are probably also at the whim of the US.
by diffeomorphism 7y ago
Aren't both Visa and Mastercard US-based and thus subject to the same executive order? So chargebacks are probably also at the whim of the US.
- AnnoyingSwede 7y agoThat's kind of a two-way wammy.. If anyone owned money to VISA or Mastercard in Venezuela, the creditcard companies would not be able to collect those debts either?
- jeremyjh 7y agoChargebacks are initiated with the issuer's bank, which presumably would be in Venezuela.
- GlitchMr 7y agoCredit and debit cards are specifically exempt from sanctions. That said, the card organizations may use sanctions as an excuse to not go forward with the chargeback process (as in, we will gladly take your money, but refund none of it because sanctions).