No, Valve has something that MasterVisa doesn’t: being liked by people. If Valve stopped taking payments and yelled to the rooftops that MasterVisa was responsible, people from all walks of life will stop, listen, and then get their pitchfork. Through the platform of Steam, people browse through the things that make their days happier. If MasterVisa threatened to take that away, people will respond.
Also, Europe and other blocs will be inclined to oppose MasterVisa. It would be a very public case of where America is dictating how the people of other lands must live. That would almost certainly make systems like Wero take off, due to sheer nationalist fervor. America is easily painted as the enemy if it allowed MasterVisa to continue abusing people on such a huge and international scale.
Money isn’t the only currency a person has, their opinions and agency are even more important, if they acted on using them. History books are filled to the brim where motivation is the greatest driving force of all.
Valve is basically a small business one bad Monday from going bankrupt compares to payment processors.
Few quick searches around the internet says that (measured by revenue) Mastercard alone is roughly 3 times bigger than Valve. So even if Valve is pretty big player it’s not even close on major payment processors. And they’re not playing on the same rules either, any payment processor can vanish payments for anyone with just ‘fuck you, that’s why’ -reasoning buried in their contracts. There’s almost no one who could afford to fight with them even in theory and much less in practise.
Valve is basically a small business one bad Monday from going bankrupt compares to payment processors.
Banks and payment processors are the single largest most powerful forces in a capitalist market.
You literally do NOT get bigger. Full stop.
No, Valve has something that MasterVisa doesn’t: being liked by people. If Valve stopped taking payments and yelled to the rooftops that MasterVisa was responsible, people from all walks of life will stop, listen, and then get their pitchfork. Through the platform of Steam, people browse through the things that make their days happier. If MasterVisa threatened to take that away, people will respond.
Also, Europe and other blocs will be inclined to oppose MasterVisa. It would be a very public case of where America is dictating how the people of other lands must live. That would almost certainly make systems like Wero take off, due to sheer nationalist fervor. America is easily painted as the enemy if it allowed MasterVisa to continue abusing people on such a huge and international scale.
Money isn’t the only currency a person has, their opinions and agency are even more important, if they acted on using them. History books are filled to the brim where motivation is the greatest driving force of all.
Few quick searches around the internet says that (measured by revenue) Mastercard alone is roughly 3 times bigger than Valve. So even if Valve is pretty big player it’s not even close on major payment processors. And they’re not playing on the same rules either, any payment processor can vanish payments for anyone with just ‘fuck you, that’s why’ -reasoning buried in their contracts. There’s almost no one who could afford to fight with them even in theory and much less in practise.