It may have passed for now from being banned, but they are already starting to turn up the heat on the visa / mastercard networks and shutting merchant accounts down. Banks are now really pressing it more than before. And for the ecommerce and mobile merchant based companies they are now trying to get certain actions (false sales reporting, cloaking of what is being sold, white hat and black hat based functions to elude tracking) labeled as Felonious (Felony Fraud). Is that even a word though?
Simply Put: if you are selling this, they want your ability to send and receive funds shut down. And, EVEN IF you could use a method of Voucher Based Systems or Crypto Based Currencies, they will still go after the sponsoring bank.
Ask me how I know
Originally Posted by CrossOps
It may have passed for now from being banned, but they are already starting to turn up the heat on the visa / mastercard networks and shutting merchant accounts down. Banks are now really pressing it more than before. And for the ecommerce and mobile merchant based companies they are now trying to get certain actions (false sales reporting, cloaking of what is being sold, white hat and black hat based functions to elude tracking) labeled as Felonious (Felony Fraud). Is that even a word though?
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