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>> This is where I think you’re confusing matters. Visa/MC aren’t “deciding”. They are simply asking a merchant to prove if unknown activity is NOT illegal. Th
by theturtletalks 4y ago
>> This is where I think you’re confusing matters. Visa/MC aren’t “deciding”. They are simply asking a merchant to prove if unknown activity is NOT illegal.
This is the fundamental difference. Why is the burden of proof on the merchant of wrongdoing? And in reality, payment processors don’t ask for proof, they ban without recourse. Just google getting banned on PayPal and you’ll see thousands of merchants selling legal non-adult goods getting banned.
Now, it’s within Visa and MC’s prerogative to operate how they see fit. A government-backed or decentralized network would bring some needed competition.