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I fully agree with you with regard to Reddit misinformation. However, to the extent that a boycott on Mastercard and VISA would be successful, I believe it woul
by seabass-labrax 1y ago
I fully agree with you with regard to Reddit misinformation. However, to the extent that a boycott on Mastercard and VISA would be successful, I believe it would have almost the same effect on Stripe and PayPal. If it's PayPal and Stripe that are actually responsible for this deeply unpopular policy, but Mastercard and VISA that are getting all the bad publicity, then Mastercard and VISA are not going to keep dealing with PayPal and Stripe!
These kinds of intermediaries can be very convenient for both the merchant and the consumer, but they are not essential for most users. Indeed most of the hurdles in the way of merchants accepting payment by card directly are artificially created by VISA and Mastercard themselves, so it's within their control to loosen the rules and sideline PayPal and Stripe.