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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.

4 of 194 comments (clear)

  1. What, is MC tired of being in business? by Uncle+Gropey · · Score: 4, Insightful

    With today's "everywhere accepts every card" world, the only 2 reasons I can think of to use any certain card are: convenience and APR. I don't see how inconveniencing most of Mastercard's internet-using customers is going to help their bottom line.

    --
    My blog can kick your blog's ass
  2. This is funny. by mindstrm · · Score: 4, Insightful

    So paypal cant'just accept a proxy transaction for someone...

    but can I simply deposit money in my paypal account?

    See, that's a business transaction between me & paypal, not between me and a merchant, which is how it SHOULD be.

    Otherwise you get weird things happening, where MC can't deal with the merchant directly.

  3. Re:CYA by osgeek · · Score: 4, Insightful

    Sounds like Master Card is hurting, and is trying to drum up some more business or something to cover the nut.

    I'm sure that that's a factor in their decision, however, one in twenty victims of online fraud is a rather alarming and actionable statistic in its own right .

    I really feel sorry for all of the shareware developers who depend upon Kagi.com to process their fees. This will really hurt the individual software developers who provide a valuable service.

    --
    Why are you letting these clowns ruin our country?
  4. Great Timing Guys! by The+Cat · · Score: 4, Insightful

    Right in the middle of a recession, lets beat up millions of small businesses! What a great idea! And because they're all working 17 hour days to find customers, they won't have time to do anything about it! Fantastic!

    Hear that Congress? They just cut the legs out from under half the market for the companies that are going to put most of the unemployed people in this country back to work.

    The big businesses win, and the small businesses pay. What a surprise.

    I've about had it with the "we're only trying to prevent fraud and abuse" line. NEWSFLASH: There will ALWAYS be fraud. This is just an excuse to screw over customers and merchants while grabbing at more money and control.