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That isn't remotely true; where'd you hear that whopper? A merchant can authorize and charge a card for any reason, and the cardholder can challenge it and it w
by tiredofcareer 13y ago
That isn't remotely true; where'd you hear that whopper? A merchant can authorize and charge a card for any reason, and the cardholder can challenge it and it will be investigated. How would VISA and Mastercard even enforce "the product must exist", honestly? What about my charges for services rendered, or digital downloads, or...
You really think Amazon Payments would have let Kickstarter go this long if they weren't kosher?
- tapp 13y agoKickstarter is kosher, precisely because as the parent post said ""Kickstarter is not a store, it's just a website where you give money and get stuff in the mail later." It's the fact that it's a donation, not the pre-purchase of a physical good, that makes it so. If you're selling a physical good, you're supposed to deliver or ship it at the time of the transaction. > where'd you hear that whopper? Originally from our banker at Chase that handled our merchant account set up, but it's easy enough to confirm if you look: http://usa.visa.com/download/merchants/card-acceptance-guidelines-for-visa-merchants.pdf http://usa.visa.com/download/merchants/card-acceptance-guide... http://www.consumer.ftc.gov/articles/0221-billed-merchandise-you-never-received-heres-what-do http://www.consumer.ftc.gov/articles/0221-billed-merchandise... > You really think Amazon Payments would have let Kickstarter go this long if they weren't kosher? It's worth noting that even though Kickstarter is kosher, the area is gray enough that Amazon is not taking on any more Kickstarter-type sites until further notice precisely because of their legal concerns.