Quote:
Originally Posted by Barry-xlovecam
There is a reason for this; VISA/MC is not that much unlike an oligopoly -- if they take too many draconian actions they would find themselves looking at Sherman Anti-Trust (they are US corporations).
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Mastercard and Visa, along with Paypal are free to include or exclude any business type from doing business through their systems.
Mastercard and Visa do not allow a whole range of business types to process through them and such decisions are often regional. For example try to process for hardcore porn in the Mastercard and Visa APAC region - they deem the risk too high and most acquirers just won't allow it.
Mastercard and Visa are completely free to exclude any type of industry they see as high risk - or extreme high risk - from using their systems.