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713 points freedomben | 7 comments | | HN request time: 0.795s | source | bottom
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maxbond ◴[] No.44611358[source]
Why do payment processors do stuff like this? Is there some regulation that requires them to? I get that they don't want to process fraudulent transactions, but I'd think the response to a higher percentage of fraud from some industry would be to charge them more. It doesn't make sense to me why they would be concerned about the content of games, as long as everything is legal and the parties concerned aren't subject to sanctions.

Some of these games seem completely abhorrent, and probably illegal in more restrictive jurisdictions, but not the United States. And I've not seen any suggestion they're funding terrorism or something. So I'm perplexed.

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ijk ◴[] No.44611517[source]
One factor is the ongoing campaigns from number of moral crusading groups who lobby them to cut off payment processing for things they don't approve of. NCOSE has been working for decades on the project, and targeting credit card companies has been a successful tactic for them for a decade or so.

[1] https://www.eff.org/deeplinks/2020/12/visa-and-mastercard-ar...

[2] https://www.newsweek.com/why-visa-mastercard-being-blamed-on...

[3] https://scholarworks.iu.edu/dspace/bitstreams/761eb6c3-9377-...

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mapt ◴[] No.44611989[source]
Targeting them with what?

What could possibly hold enough leverage that Visa would jeopardize their sweet gig as an ideology-neutral, essential piece of American infrastructure siphoning 1-2% off of every dollar of consumer spending?

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cogman10 ◴[] No.44612032[source]
Threats of exposure and boycotting/blacklisting the card making room for competitors.

Plenty of religious groups have the money to be able to start the "holy card". And there's plenty of businesses that'd be giddy to accept Jesus card.

Consider, for example, companies like hobby lobby or Chick-fil-A banning visa and promoting Jesus card.

It also wouldn't take much for such a card to advertise itself as kid friendly.

Thinking about it, I'm a little surprised this hasn't happened already.

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1. Retric ◴[] No.44612076[source]
Let’s be real, Chick-fil-A banning Visa would likely result in its bankruptcy.

Starting a holy card that doesn’t work at gas stations etc is an extremely uphill battle.

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2. aetherson ◴[] No.44612110[source]
Yeah, 30 years ago this might've been able to get off the ground. Today? Not a prayer.
3. cogman10 ◴[] No.44612128[source]
> would likely result in its bankruptcy.

Maybe? Depends on how customers are sold on the mission. If it's sold as protecting children I could see a number of people ditching their cards.

> Starting a holy card that doesn’t work at gas stations etc is an extremely uphill battle.

True. It'd take a large amount of initial capital and would likely need a targeted and regional rollout with some nice incentives to the merchants.

4. AlexandrB ◴[] No.44612323[source]
Don't know about that. Costco banned Mastercard and they're doing fine.
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5. Retric ◴[] No.44612679[source]
They wouldn’t need to create a new payment processor if they could just swap to Mastercard. Thus it was also implicitly excluded by Chick-fil-A in their proposal.
6. mango7283 ◴[] No.44614807[source]
I looked this up, they still accept visa. So not quite the same
7. FpUser ◴[] No.44614809[source]
I use my debit card at gas stations