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Mastercard Cuts Off Third Party Transactions

Posted by ryuzaki0 on from the porn-charge-backs-hurt-us-all dept.

strredwolf writes "Mastercard has cut out third parties from charging on behalf of merchants. This affects folks paying their auctions and goods via Paypal, Yahoo! Paydirect, and potentially ebay's Billpoint. It may also affect Paypal's Mastercard-backed Debit Card, but there's no word from Paypal as far as I can tell." Word has it paypal is trying to negotiate a side deal with Mastercard.

1 of 194 comments (clear)

  1. Re:mastercard sucks by generic-man · · Score: 0, Flamebait

    To me, Visa and MasterCard are effectively one and the same. My bank (Citibank) had issued me a Visa, and then one day they announced that they were "upgrading" me to a MasterCard with the same level of credit and benefits. The reason? Citibank had cut a deal with MasterCard, and was phasing out Visa.

    MasterCard has millions of members in the U.S. I used to carry a low-limit Visa card just in case I ran into a situation where "Visa is the only card accepted," but cancelled it because I never ran into such a situation. Any merchant that doesn't accept MasterCard has lost my business. Sorry.

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