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Old Sep 7, 19, 10:36 am
Join Date: Oct 2007
Location: Southern California
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Posts: 2,153
Originally Posted by akr1970akr View Post
I wonder why Visa is ok with this, when they frown on mtg payments on Plastiq
It is just a matter of time. It becomes a volume issue and for most consumers, this new method is not a great deal. I believe it is typically the consumer card issuers who complain to Visa and then Visa has to figure out what to do. Otherwise, I think Visa and Mastercard are happy to have "cash-equivalent" transactions on their network assuming their fraud controls are working okay. Plastiq and Mastercard run many promotions together.

I think the big play for Visa/Mastercard in this space is actually business card transactions, but once you allow business card, you have to allow consumer card use which is more tricky.
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