Visa and Mastercard: The global payment duopoly (2024)
1–10 of 317 posts
Re: Visa and Mastercard: The global payment duopoly (2024)
#2Re: Visa and Mastercard: The global payment duopoly (2024)
#3The fucked up thing is how they are enforcing archaic puritan ideals on the whole world. Acting as self appointed global censors. (Eg. not allowing adult games on Steam or Itch.io)
The most confusing thing for me is why. I have read a few theories, but nothing convincing. What could be a strong enough motivator to do such a bizarre thing?
Also we need governments to keep them in line. We cant have private corps acting as de facto censors like that. Its completely undemocratic and unethical.
Re: Visa and Mastercard: The global payment duopoly (2024)
#4The fucked up thing is how they are enforcing archaic puritan ideals on the whole world. Acting as self appointed global censors. (Eg. not allowing adult games on Steam or Itch.io) The most confusing thing for me is why. I have read a few theories, but nothing convincing. What could be a strong enough motivator to do such a bizarre thing? Also we need governments to keep them in line. We cant have private corps actin…
I've heard that Mastercard is running by evangelists
Re: Visa and Mastercard: The global payment duopoly (2024)
#5The fucked up thing is how they are enforcing archaic puritan ideals on the whole world. Acting as self appointed global censors. (Eg. not allowing adult games on Steam or Itch.io) The most confusing thing for me is why. I have read a few theories, but nothing convincing. What could be a strong enough motivator to do such a bizarre thing? Also we need governments to keep them in line. We cant have private corps actin…
This is the wrong question to ask. The right question to ask is what is preventing other payment processors from seamlessly getting in front of the customer, at every retail location, and online? If other payment processors existed and were allowed to flourish, we would not give a damn if these two blocked 90% of transaction types. Instead, something is suffocating innovation and personal freedom.
Re: Visa and Mastercard: The global payment duopoly (2024)
#6This is an important topic. I wonder what it is that makes duopoly so prevalent in tech e.g. Apple vs Google for mobile, Apple vs Microsoft for desktop, Uber vs Lyft for ride sharing.
As for the linked article, it reads too much like AI slop for me to be bothered to analyze any of its specific points. If it's not AI, someone please correct me.
Re: Visa and Mastercard: The global payment duopoly (2024)
#7Re: Visa and Mastercard: The global payment duopoly (2024)
#8The fucked up thing is how they are enforcing archaic puritan ideals on the whole world. Acting as self appointed global censors. (Eg. not allowing adult games on Steam or Itch.io) The most confusing thing for me is why. I have read a few theories, but nothing convincing. What could be a strong enough motivator to do such a bizarre thing? Also we need governments to keep them in line. We cant have private corps actin…
> Acting as self appointed global censors. (Eg. not allowing adult games on Steam or Itch.io)
It seems extra illogical when you think of how much money they make from subscription adult websites, even brothels-in countries that have legal brothels, I think you’ll find many of them accept credit cards, and Visa and Mastercard don’t appear to have a problem with that
Re: Visa and Mastercard: The global payment duopoly (2024)
#9The fucked up thing is how they are enforcing archaic puritan ideals on the whole world. Acting as self appointed global censors. (Eg. not allowing adult games on Steam or Itch.io) The most confusing thing for me is why. I have read a few theories, but nothing convincing. What could be a strong enough motivator to do such a bizarre thing? Also we need governments to keep them in line. We cant have private corps actin…
>What could be a strong enough motivator to do such a bizarre thing?
Money. The only two motivators for a capitalist entity are making money and avoiding any government interference with making more money.
They certainly aren't doing it out of Christian principles.
Re: Visa and Mastercard: The global payment duopoly (2024)
#10This is an important topic. I wonder what it is that makes duopoly so prevalent in tech e.g. Apple vs Google for mobile, Apple vs Microsoft for desktop, Uber vs Lyft for ride sharing. As for the linked article, it reads too much like AI slop for me to be bothered to analyze any of its specific points. If it's not AI, someone please correct me.
Toothless competition law enforcement doesn't help it.