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Is this just a policy change? How could they enforce this?
by endlessvoid94 7y ago
Is this just a policy change? How could they enforce this?
- Scoundreller 7y agoBy forcing its issuers to revise their chargeback policies to always allow a chargeback under these circumstances. It’ll get really expensive for the vendor very fast. Before, there were plenty of stories of issuers telling cardholders that they’re screwed and have to pay up.
- sibartlett 7y agoThey can enforce it by revoking the merchant’s access to the Mastercard network.
- adrianmonk 7y agoWhich, for a merchant, if it happens, is damn near a death sentence. If you can't accept payments from Mastercard anymore, your business is pretty screwed. So in practice this works mostly by deterrence. They rarely have to actually drop the hammer. Most merchants will comply well before it ever gets to that point.
- endlessvoid94 7y agoGot it. So, if a startup is using Stripe to charge, I assume Stripe is able to pass that revocation on to the startup?