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So am I understanding correctly that your assertion is that the card networks actually don't want to do business with these companies, and they use the law as a
by jdmichal 4y ago
So am I understanding correctly that your assertion is that the card networks actually don't want to do business with these companies, and they use the law as an excuse?
I find it the claim that they would rather not do business with entire multi-billion-dollar markets pretty exceptional.
- Dylan16807 4y agoMostly yes, my claim is that they don't want to do business in many cases, largely because of widespread taboo and because of worry it will make them look bad. Companies are made of people, and the latter does have financial consequences. But my claim isn't that they want to avoid the entire industry. It's that they want to cut certain segments and use their control to make things as 'tame' as possible. So that actually doesn't cost them very much.