Could someone just make, like, Raunchy Mastercard and just process payments from everyone including all the porn and weird shit that the other mainstream companies don’t want? It seems like the payment processors being puritanical dipshits is a weakness that could be exploited by an enterprising competitor.
But then again, we’re talking about a natural monopoly that has been in place for decades at this point. I wouldn’t expect them to exactly play fair.
Could someone just make, like, Raunchy Mastercard and just process payments from everyone including all the porn and weird shit that the other mainstream companies don’t want? It seems like the payment processors being puritanical dipshits is a weakness that could be exploited by an enterprising competitor.
But then again, we’re talking about a natural monopoly that has been in place for decades at this point. I wouldn’t expect them to exactly play fair.
The problem is that people like MC and visa would then ban you from sending money TO RaunchyCard.
So it just moves the problem back a step.