• Electricd@lemmybefree.net
      link
      fedilink
      arrow-up
      5
      arrow-down
      9
      ·
      19 hours ago

      They provide the digital infrastructure to have payments and money flows

      Payment processors are other companies which use payment networks to process said transactions. Then often have their own rules which are more strict than payment networks

        • Electricd@lemmybefree.net
          link
          fedilink
          arrow-up
          2
          arrow-down
          6
          ·
          edit-2
          17 hours ago

          That it isn’t Mastercard and Visa’s fault but the payment processors’

          Making this meme disinformation

          • Lumidaub@feddit.org
            link
            fedilink
            English
            arrow-up
            8
            ·
            17 hours ago

            I don’t know, every news story I read on this said “Mastercard and Visa”. I don’t see how whether they are technically considered “processors” or “networks” matters to me or the issue.

            • Microw@piefed.zip
              link
              fedilink
              English
              arrow-up
              1
              ·
              8 hours ago

              Yeah and those stories are wrong

              Processors = Stripe, PayPal, and offline the companies that install card terminals in shops

              Networks = Mastercard, Visa

              The processors told itch and Steam to deindex those games. The processors claim that they have to do this due to contracts with the networks, but Mastercard currently denies this

            • Electricd@lemmybefree.net
              link
              fedilink
              arrow-up
              2
              arrow-down
              4
              ·
              17 hours ago

              I’ll inform myself further on the subject but it sounds weird that visa and mastercard would ban those things. You’re able to purchase pornhub subscriptions with your visa/mastercard card (which can only go through the designated network on your card), so why wouldn’t you be able to purchase other type of adult games? So far all instances I’ve seen of banning have been from payment processors. Saw a post where a network said that they accept anything that’s legal