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Visa MasterCard to start blocking payments to VPN providers
Think there's a better view of it on slashdot.org and Torrentfreak as well.
Comments
Has anyone else received the notice or is this just a specific case against Pyson?
Cause there's no legitimate use of VPN and privacy and security mean nothing I suppose, especially to online purchases/banking. Brilliant. I have a solution, stop treating the internet as if it is bound by physical land borders.
This actually surprises me since, well, unless it is illegal why take it to such a high level as to block it processor wide?
Now, PayPal banning porn then as such banning UseNet (to an extent) and such well, PayPal is a private smaller processor. Visa and Mastercard making a decision like that without a law requiring it does/would surprise me.
What happens to companies that offer VPN and other services?
Source: Torrentfreak.com
Seems like false claim.There are always alternatives like bitcoins..
Some banks have issues with Visa and internet service providers in general. Last year I had to unlink a Visa credit card from my paypal account: my bank antifraud office began to phone me as soon as I made a VPS payment using the card trough Paypal. At the third purchase they blocked the card entirely. It was a lowendspirit VPS, so the amount was minimal. When i phoned back to get some explanations, they immediately suggested that I should repudiate the payment. After I confirmed (twice) that the payment was legitimate, they explained that the automated warning system was flagging this kind of transactions as high risk, because it may be a validity check attempt of a stolen card number. I can't argue with that; their data is surely backed by statistics.
There can be issues with high number of chargebacks due to nature of this business however i do not think visa or mastercard will block.In any case there are other payment gateways that accepts visa and mastercand and also bitcoins, webmoney, payza, ukash, cashu etc.