MC and Visa are not technically payment processors, that would be stuff like stripe or ayden.
The problem is that cc companies have rules that put the onus of ensuring nothing illegal is purchased with their issued cards on the ones actually meditating the transaction, so it becomes a chilling effect because the intermediaries don’t want to risk burning a bridge with the largest cc networks in the world, and overcorrect as a result.
best to say card networks, as cc companies both include a lot of other things (like issuers), and doesn’t include some things (like debit cards, which still use the card networks)
MC and Visa are not technically payment processors, that would be stuff like stripe or ayden.
The problem is that cc companies have rules that put the onus of ensuring nothing illegal is purchased with their issued cards on the ones actually meditating the transaction, so it becomes a chilling effect because the intermediaries don’t want to risk burning a bridge with the largest cc networks in the world, and overcorrect as a result.
best to say card networks, as cc companies both include a lot of other things (like issuers), and doesn’t include some things (like debit cards, which still use the card networks)