• 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