3 ms·
It's MC/Visa that's forcing Stripe and therefore Shopify to "police" for trademarked goods. MC/Visa are effectively determining what people can and cannot sell
by theturtletalks 4y ago
It's MC/Visa that's forcing Stripe and therefore Shopify to "police" for trademarked goods. MC/Visa are effectively determining what people can and cannot sell online. If the US accused you of selling trademarked goods, the burden of proof is on them. With MC/Visa, good luck getting a chance to even provide proof.
- arrosenberg 4y agoThat’s an even bigger antitrust issue, because processors shouldn’t be policing Shopify without doing it to Amazon.
- amluto 4y agoIt’s not antitrust because it’s not (as far as I know) against the law. That being said, I think that VISA and MasterCard should be required to act as common carriers and to serve any lawful business (where lawfulness is determined by courts, not by VISA and MC).
- mchusma 4y agoI agree here. Dealing with visa/Mastercard is the worst.
- tebbers 4y agoExactly this. The Financial Times just had a good exposé on this recently about Visa and MC and the adult industry. The processors shut a huge amount of sites down because they refused to process their payments any more because some hedge fund bro who was anti-porn knew the MC CEO. They completely control commerce online. https://www.ft.com/content/cff23e36-b507-4717-8830-8b06741c8fd5 https://www.ft.com/content/cff23e36-b507-4717-8830-8b06741c8...
- mschuster91 4y agoThe unholy duopoly MC/Visa has absurd amounts of power. Just look at how bad anything in the adult sector has it with them - instead of the card networks requiring multi-factor authentication to combat PII theft and "post-nut regret" fraud, they rather raised fees on merchants or cut them off entirely. Or how they acted as police, jury and executioner in the Pornhub case - the allegations were indeed severe, but they should have been dealt with by the courts and not a payment processor.