I’m wondering if this is Visa and MasterCard covering their arses legally.
When you buy on credit card you get extra protections like chargebacks and section 75 so if a company goes bust or doesn’t do what you paid then for then the credit card company gives you your money back and the company owes them money rather than you.
But is that a double edged sword so if you buy something technically illegal where you live (and there’s a lot of odd local porn laws), then they’re somehow on the hook for that too?
I suspect a lot of stores are just pulling what is probably a tiny percent of their revenue because they don’t have a good way to prevent you buying just that on CC or working out which territory it’s legal in, under threat of having all their credit card charging facilities taken away…
I’m wondering if this is Visa and MasterCard covering their arses legally.
When you buy on credit card you get extra protections like chargebacks and section 75 so if a company goes bust or doesn’t do what you paid then for then the credit card company gives you your money back and the company owes them money rather than you.
But is that a double edged sword so if you buy something technically illegal where you live (and there’s a lot of odd local porn laws), then they’re somehow on the hook for that too?
I suspect a lot of stores are just pulling what is probably a tiny percent of their revenue because they don’t have a good way to prevent you buying just that on CC or working out which territory it’s legal in, under threat of having all their credit card charging facilities taken away…
hehe