Creative Title
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I'm not American and even I only know Visa and Mastercard. I know there used to be Maestro, but that was also owned by Mastercard. So what else is there that works globally?
https://thefinrate.com/top-payment-processing-companies-in-the-eu/
https://fintechmagazine.com/top10/top-10-payment-processors
some are based in US, but there should be at least 10 from those two lists.
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i wonder if this is the shitgibbons in charge trying to drive up bitcoin prices seeing as how they just publicly bought a bunch of bitcoin.
i know the payment processors have always been prudes but they are really doubling down and its only going to drive folks to crypto.
edit: I don't think it's a good idea either but talk to anyone outside lemmy and ask if they understand the environmental impact of crypto and AI and they have no clue.
If this really does drive people to crypto then I hope it goes to monero or a fork of it. Try blocking or tracking transactions then.
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Undoing all the gains made during the sexual revolution. Conservatives taking us back to the puritanical dark ages.
It's not even conservative any more. It's regressive.
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Bitcoin is really bad for using as currency, due to the fact that there is a permanent, public ledger of all transactions. Why would you want anyone you pay to be able to see and trace every transaction you've ever made? Pay rent in bitcoin, now your landlord can calculate your spending and who you do transactions with. And yes, there are services that aggregate and obfuscate transactions in order to make them less traceable, but now you've just reinvented the same centralized payment processor system that the whole thing is supposed to be replacing... so... what's the point?
Cash is good for using as currency.
You can make intermediate wallets to obfuscate transfers, like throwaways, so the wallet that pays your rent is different from the one ordering a dragon dildo and it's hard to say if it's the same person, but it's a hassle and you'll get extra transaction fees.
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Bitcoin is really bad for using as currency, due to the fact that there is a permanent, public ledger of all transactions. Why would you want anyone you pay to be able to see and trace every transaction you've ever made? Pay rent in bitcoin, now your landlord can calculate your spending and who you do transactions with. And yes, there are services that aggregate and obfuscate transactions in order to make them less traceable, but now you've just reinvented the same centralized payment processor system that the whole thing is supposed to be replacing... so... what's the point?
Cash is good for using as currency.
so... what's the point?
The point isn't anonymity, but independence and autonomy. It's hard to shut down and hard to tax. The banks/governments can't freeze your bitcoins, nor can they simply print more or regulate the value otherwise.
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Let's make a community run payment processor then. We'll valiantly process porn payments.
Mastercard? No sorry, we only take WokeCoin
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https://thefinrate.com/top-payment-processing-companies-in-the-eu/
https://fintechmagazine.com/top10/top-10-payment-processors
some are based in US, but there should be at least 10 from those two lists.
wrote last edited by [email protected]I know some of those, but they don't count.
Most of those are still just going to use Visa and Mastercard underneath to process payments by card... Since those are mostly all Visa or Mastercard. There are exceptions but those are regional.
There are a lot of "payment processors" but only 2 major card companies and that's an issue.
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For now, they are targeting more niche “taboo” kinks like incest and bdsm. But as we’ve seen time and time again with bigoted, puritanical christofascists, they will not stop there. Next, they come for the queer content. My guess is furry stuff is next under the bad faith argument of “bestiality”, then more standard queer content, including tame non-erotic content. Finally, all erotic content.
Remember, everything sexual is sinful and evil unless its a straight white cis Christian married couple having joyless missionary sex for the purposes of procreation only.
Valve has changed their content guidelines due to the requirements of the credit card processors. Itch.io, too. I wouldn't call Valve niche.
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You can make intermediate wallets to obfuscate transfers, like throwaways, so the wallet that pays your rent is different from the one ordering a dragon dildo and it's hard to say if it's the same person, but it's a hassle and you'll get extra transaction fees.
wrote last edited by [email protected]It's trivial to trace the funding of these "throwaways" to link them together... unless this entire system is supposed to just rely on using a standard bank account to fund them, which.... circling back to "so what's the point?" you could pay from that account directly to get the same benefits. Using bitcoin is completely redundant in that scenario
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Let's make a community run payment processor then. We'll valiantly process porn payments.
Having worked in the payment industry, there is a lot of work to be done.
Even if you use the EMV standard, which almost all of the payment processor are based on, the challenge is to interface with the banks and making sure that every cards and terminals follow your standard.
And that's if you can convince banks to even accept you payment standard in the first place.
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so... what's the point?
The point isn't anonymity, but independence and autonomy. It's hard to shut down and hard to tax. The banks/governments can't freeze your bitcoins, nor can they simply print more or regulate the value otherwise.
The banks/governments can't freeze your bitcoins, nor can they simply print more or regulate the value otherwise.
You're just listing reasons why bitcoin sucks lol. Oh no!!! Flight risk criminals and terrorists had their accounts frozen!!! Oh no, ReGuLaTiOn BaD!!! Grow up.
Finite currencies (like gold/silver/bitcoin) are deflationary currencies and are genuinely absolutely terrible for an economy. That's why we don't use gold anymore.
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Capitalism is actually the fix for this one for once. Just be the only payment processor that lets you buy anything legal. Demand for your services guarantees your success and the others die out.
Let’s see if republicans still like capitalism now.
Ah, and here is where the commenter learns that “capitalist” competitors have legislated their opponents out of business, bought them out, or colluded with them.
Oh, and it’s not just payment processors.
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I know some of those, but they don't count.
Most of those are still just going to use Visa and Mastercard underneath to process payments by card... Since those are mostly all Visa or Mastercard. There are exceptions but those are regional.
There are a lot of "payment processors" but only 2 major card companies and that's an issue.
I remember I was able to set up PayPal with direct bank account info. It’s not the most common scenario, and as long as they support Visa they’d be a target.
If one of those companies decided to dedicate their company to free speech, they might go bank transactions only, and cut out the cards. Admittedly, there’s probably dozens of other hurdles I’m not even aware of there.
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Mastercard? No sorry, we only take WokeCoin
️MasterbationCard
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Not really a meme meme, but i felt like i had to :s
Meanwhile the Pirelli calendar from 1984 ...
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I remember I was able to set up PayPal with direct bank account info. It’s not the most common scenario, and as long as they support Visa they’d be a target.
If one of those companies decided to dedicate their company to free speech, they might go bank transactions only, and cut out the cards. Admittedly, there’s probably dozens of other hurdles I’m not even aware of there.
Yeah, but then you give PayPal a whole bunch of control over your bank account. IIRC they can just withdraw whenever they want?
With card payments, there's chargebacks for fraudulent transfers or if a vendor refuses a refund on fraudulent grounds. Those are just not a thing for bank transfers, at least not where I come from.
Personally, most of the time I make a payment, it's a bank transfer (they're instant most of the time anyway between SEPA accounts and under 10k per transfer or whatever). But there are many benefits of a card payment. Others include: Collecting points (on credit cards in some countries, or something like a Revolut card on any plan other than the free one), purchase insurance, etc.
People are always going to want to make card payments. We need better alternatives in the card company space, and standards to make sure every vendor can accept payments from every card type.
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MasterbationCard
That spelling normally infuriates me, but in service of the pun, we're going to have to allow it.
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It's legal until someone challenges it in court and they say it isn't. Sue.
Absolutely. I suspect the courts will find that if you are picky about what you allow, then you are responsible for it. It might force a push back to safe harbor type situations absolving them of caring about processing porn.
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Not really a meme meme, but i felt like i had to :s
So, why doesn't some other payment processor step in to fill in the demand gap that the others are willfully abdicating?
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So, why doesn't some other payment processor step in to fill in the demand gap that the others are willfully abdicating?
wrote last edited by [email protected]the economic moat of regulations and infrastructure that has to be overcome before you even can start acquiring customers. You would need a massive capital outlay just to start in last position to compete. Then you have to pay your sydadmins and sales and help desk and administration for how long before you have enough customers to break even? all on a gamble that the government won't hamstring you on behalf of their corporate sponsors. and who is to say the rest of the financial world won't cut you off; you can't process payments if you can't access users banks, it's all cooperative between entities that benefit from it being a small club.
all of this risk to capture the relatively small nsfw market looks like a bad gamble to me, even though i strongly support the nsfw market myself! I spent decades in e-commerce and nsfw ecommerce and it's trickier than it might look.
