Forget Google - It's time to break up the payment processing duopoly of Visa and MasterCard

submitted by magnora7 from medium.com

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[–]philosopher 38 insightful - 4 fun38 insightful - 3 fun39 insightful - 4 fun -  (70 children)

I don't use Gab, but I heard they lost all ability to take payment this week, when Visa shut them down. The same happened to Wikileaks a while back. I don't think a small number of corporations should decide who I can give my money to or not.

[–]King_Brutus 24 insightful - 2 fun24 insightful - 1 fun25 insightful - 2 fun -  (47 children)

It's amazing that people haven't woken up to this. Banks should be neutral and not decide what money goes where.

[–]hector_died_of_aids 11 insightful - 4 fun11 insightful - 3 fun12 insightful - 4 fun -  (31 children)

they were, until leftist infiltration reached critical mass and their true colors show

[–]Karlfranz 20 insightful - 3 fun20 insightful - 2 fun21 insightful - 3 fun -  (30 children)

Tbh I don’t think it was leftist infiltration, I think the banks have supported globalism from the start, and the leftists are just their useful idiot footsoldiers

The banks are the enemy, they drew us into WW1 and WW2 in Europe. They want a stateless/weak world where banks and corporations dominate the individual nations.

[–]hector_died_of_aids 7 insightful - 2 fun7 insightful - 1 fun8 insightful - 2 fun -  (28 children)

no, it's easy to see. visa/mc never had a problem with processors facilitating all manner of disgusting depraved pornography, but if you say nigger you gotta go

by banks you mean jews, and i agree with that

[–]FlippyKing 10 insightful - 2 fun10 insightful - 1 fun11 insightful - 2 fun -  (25 children)

none of that has anything to do with actual leftist. If we let them change what "left" means, the way the are doing to the work "woman" and why said it is suddenly home to a bunch of feminist women, then we lose the ability to really see what is going on and we let them divide us.

"Left" only makes sense politically and historically as the political expression of the working class. The left were luddites, wobblies, trade unionists. They were reacting against horrible working conditions, child labor, and the fact that over the span of a few hundred years they had lost all ability to just make a living off the land they were on and had held "in common" ie the commons.

The left then were joined in a sense by some in the middle class who looked at the disparity in their own societies, the wealth enjoyed by their peers and the squalor suffered by those who physically created it through work, and came up with schools of thought in reaction against capitalism and liberalism (which go hand in hand). Liberalism may appear to be about freedom to do what you want, but it was and remains about freedoms that were created when massive amounts of wealth were accumulated, and the new class of rich people wanted the same freedoms enjoyed by the old nobility.

Those were the sides back then, and they still are the sides. Identity politics is just the new expression of the same old BS.

The idea that banks are run by "the left" is laughable. No billionaire is on the left. They might be as liberal as the old robber barons and their children, nephews, nieces, and grand kids, but it is a rewriting of history to pretend that is or was ever "left".

The "alt right" looks to me like the first wave the "left" over a similar transformation of the global economy. When agriculture and subsistence was replaced by industrial capitalism, the "left" was born. Now that globalization has shifted manufacturing far away and automation is eliminating the need for most labor, the alt right seems to be in the same role. The difference is that we have a history of analysis and data to look at, and a history of struggle from Bakunin to Fred Hampton to learn from. TO distance the working classes from that history of struggle, the false divide of left and right is created and along with it the ridiculous notion that there are left-wing billionaires.

[–]hector_died_of_aids 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (20 children)

tldr

[–]FlippyKing 4 insightful - 2 fun4 insightful - 1 fun5 insightful - 2 fun -  (19 children)

On the pyramid of debate this site is so proud of supporting, your response is beneath it. You could read it later and not respond till then, but I suspect you know you are just being a disingenuous racist who is not interested in actually understanding issues or solving anything. Was that too long too?

[–]rman 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 1 fun -  (3 children)

I think the name calling here drops you down too unfortunately (sorry)- I thought the “tldr” was a bit low effort but I did chuckle a bit - your previous comment though was very insightful, problem is people want the tldr in the first place for complicated issues — playing left/right/racist cards ignore the real bad guys and only serves as a distraction. Big banks and big corporations have way too much power - I could care less their ethnic origin - because the real solutions lay not in the race or politics (Someone will always be there to be evil in their place) but rather in putting actions or policies that prevent or disrupt in the first place

[–]FlippyKing 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (2 children)

I'm pretty sure any name calling I did was not name calling but speculation and backed up with my reasons for the speculation. But sometimes you have to meet people where they are.

[–]hector_died_of_aids 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (14 children)

racist isn't a real word, it's a propaganda term created by a jew for later (now) use in stirring up a race war. in-group preference is natural and good. (except when it's whites, of course) but let's use your propaganda term for a moment, ya i'm "racist", and with good reason

[–]FlippyKing 4 insightful - 2 fun4 insightful - 1 fun5 insightful - 2 fun -  (11 children)

can you back that assertion up? That "racist" isn't a real word? It has a meaning in a dictionary. If someone coins a word or phrase, that does not mean it is not a real word. Otherwise, racist would be like supercalafragiliousexpealidoious. So, who created the word? Do you have a link to back that up?

You should address my previous comment, beyond admitting tdcr. That's the one that is most on-topic here, not: whether or not you're a racist, or if it is a real word, or as you seem to say that it is not a real word but you have good reason to be this thing that has no real word to describe it.

[–]AllStr8SexIsRape 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Flagged for goy subvrsion. Jew is a proper noun and therefore capitalized, goy boy. If racism is justified, then Jews are ten times more justified in hating you back, and gay Jews a hundred times more justified. All non-Jewish religion is racist, and all non-gay sexuality is perversion. Homosexuality and Judaism should both be mandatory. #GayLivesMatter #JewishLivesMatter

[–]dittendatt 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (3 children)

The SJW's / Woke people often get called the left. Because there is a surprising amount of collaboration, and because they are both represented by the Democratic party.

If you are an old school working class commie I can see how that is strange, but thats how the battle lines are drawn nowadays.

[–]FlippyKing 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

Yes, but it is not coincidence that these newer battle lines are drawn in a way that makes it impossible to find historical continuity.

I think we need to actively redraw the lines, because it is the strategic or tactical equivalent of refusing to fight on the terrain your opponents choose-- in this case a terrain they design and landscape themselves. It's also a matter of "know thyself". For people who call themselves "progressive", I think they need to understand what that word means. To me the progressive reformers make very little sense, but progressive populists and populists got much closer to the right track. It means the difference between public banking like North Dakota has (or what we all had access to before Reagan eliminated savings accounts at the post office) and minor meaningless regulation of derivatives.

Besides how their terrain makes class discussion in and of itself impossible, it eliminates one critique of their uncritical embrace of critical race theory. Another way to critique it, that it creates a new religion around white's orginal sin of racism that is every present needing constant confessing and rebuking, is too easily dismissed by them as ignoring the problem, if these battle lines can not show via class analysis a clear world view going back hundreds of years that makes perfect sense of how the world works.

The left right thing is a lie, there is just a hill. Those atop the hill may see a left and right, but we need not accept their view, their terrain. We can fight up the hill together, or we can try to ignore the hill or fence it off so that they have no impact beyond their little hill and we go about creating a decentralized world with resilient communities.

[–]dittendatt 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

There is a historical continuity to what is happening. It's unsavory but it's there https://en.wikipedia.org/wiki/Clientelism

many definitions for clientelism have been proposed, according to the political scientist Allen Hicken, it is generally thought that there are four key elements of clientelistic relationships:

  • Dyadic relationships: Simply, these are two-way relationships.

  • Contingency: Delivery of a service to a citizen by a politician or broker is contingent on the citizen's actions on behalf of the politician or party through which they are receiving services.

  • Hierarchy: The politician or party is in a higher position of power than the citizen.

  • Iteration: The relationship is not a one-off exchange, but rather, ongoing.

I think the best illustration of the contingency and the hierarchy present, is Biden's statement 'If you have a problem figuring out whether you're for me or Trump, then you ain't black'. It's a really in-your-face power move. You're the cattle, I'm the shepherd, you fucking do what I say, and I'll keep the gibs flowing.

[–]FlippyKing 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Interesting. Thanks for sharing that! It seems kind of obvious, but the breaking it down and parsing it out is useful and gives good ways of look at the problems. I agree, it is an example of those. It goes way beyond Biden, who as a person has done far more harm to those he was trying to appeal to in that interview than would give him a right to just grandstand for their votes. But, he's like Tilda Swinton in the Narnia movie donning the lion's mane. Biden is pretending to be heir to the New Deal/Civil Rights traditions, simply by his position in the Dem Party.

I really want national politics to collapse. We have no say in what the federal government does anymore, they are fully unaccountable in every single way be it immunity for judges and prosecutors to the fact that most house members and senators are multi-millionaires and secure in their reelection efforts by the collusion of the two parties, and it is all a distraction of real tangible problems we all have locally. So many communities can not afford to maintain their drinking water infrastructure, but we're still meddling in any country that has oil. To his credit, Trump is not as bad about it as Bush or Obama, but he's not proving to be an solution to anything and the circus that is DC is run by clowns from both parties.

[–]AllStr8SexIsRape 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Flagged for goy subversion.

[–]humanist_halberdier 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

visa/mc never had a problem with processors facilitating all manner of disgusting depraved pornography

I thought that credit card processors were censoring erotica e.g. https://www.eff.org/deeplinks/2017/03/payment-processors-are-still-policing-your-sex-life

[–]asterias 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

The leftists serve to offer a pretext so that these companies will say something like "oh, we get so many complaints, and think of the children" and so on.

It's all staged and the leftists are the useful idiots.

[–]Double_A 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (14 children)

They are probably just following legal requirements though?

[–]King_Brutus 16 insightful - 2 fun16 insightful - 1 fun17 insightful - 2 fun -  (10 children)

Specifically with Gab, it wasn't a legal decision. They were "Taking a stand against hate speech".

[–]Karlfranz 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (8 children)

I can’t believe all of these corporations that are actively pressuring Facebook to suppress free speech

WE should be out burning and pillaging holdings for that stance.

[–]liberty_primer 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 1 fun -  (5 children)

Who would have thought Facebook of all platforms would be the one to hold out the longest?

(at least to some extent.)

I think they might have a motive. Scanning data on their platform and selling it to political groups regardless of the group’s political affiliation would be mad profitable.

[–]asterias 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (4 children)

Facebook has been censoring since ages. They have even employed Soros funded organisations for censoring duties. Now they pretend that Facebook is not censoring enough when we know it's the opposite. Sounds like a staged situation.

[–]liberty_primer 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

That's odd because Soros ain't a fan of Zuck.

https://www.nytimes.com/2020/01/31/opinion/soros-facebook-zuckerberg.html

[–]asterias 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

This organisation called "Ellinika Hoaxes" is funded by Soros and has censoring duties on the Greek side of Facebook. There are plenty of articles (in Greek) on that matter.

[–]liberty_primer 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Links? I can’t just run it through Google Translate

[–]dart200 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

instead most people i know would support it.

[–]AllStr8SexIsRape 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

If states have rights, then corporations are people, and if corporations are people, then the First Amendment applies to them, and their attempts to subvert it are unconstitutional and therefore illegal.

[–]AllStr8SexIsRape 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

All non-Jewish religion is hate speech and should be banned on those grounds.

[–]hector_died_of_aids 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (1 child)

how can you be on saidit and be so naive?

[–]Double_A 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

I didn't see this was a thread about Gab. I was more thinking of things like "You can't transfer money to Cuba" or "You can't recieve more than 10k$ without explaining where it came from" and things like that.

[–]Tom_Bombadil 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

The legal requirements they purchase.

[–]ManWithABanana 7 insightful - 2 fun7 insightful - 1 fun8 insightful - 2 fun -  (13 children)

https://www.zerohedge.com/political/gab-ceo-warns-visa-helping-bring-chinas-social-credit-score-america

It sounds like Visa is trying to comply with some kind of US law, and isn't explaining well what it is. I would like to know, actually.

[–][deleted]  (11 children)

[deleted]

    [–]ManWithABanana 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (4 children)

    That's certainly possible. How do you know there's no law involved ?

    Visa/MC also refuse to do business with the marijuana industry. That's illegal federally but legal in many states. Because it's illegal federally it's against the US banking laws to process payments for marijuana businesses so they CANNOT process those payments. Thus marijuana businesses rely heavily on cash.

    If it happens for marijuana, I suspect it can/will happen for other reasons.

    [–]dart200 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

    i've only paid for weed with my debit card the last year i've been buying. not credit though, but the wall is letting up a bit.

    [–]ManWithABanana 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (1 child)

    Didn't know that. Thanks for the heads up.

    I dug up an article here https://www.creditcards.com/credit-card-news/marijuana-dispensaries-pay-with-credit-cards/ that perhaps explains what you're getting. Are you doing the ATM thing described in the article ?

    Some dispensaries have ATMs on-site, allowing you to get cash for a terminal fee.

    Other dispensaries feature cashless ATMs.

    With cashless ATMs, the customer requests, say, $60 from the machine. It spits out a voucher that can be used only at that dispensary. The customer hands the voucher to a clerk, who returns, for the purposes of this illustration, $52.50 worth of product. The customer also is charged taxes and a fee for using the ATM. Whatever is left, the clerk returns in change.

    [–]dart200 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

    hmmm. i was looking at my bank statements and it may be that the particular dispensary i use misrepresented what they are. it came up as a veterinarian charge, lol.

    [–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (5 children)

    In the case of Visa and Mastercard though, how could they possible care about their brand and the possibility of some left-wing boycott? I can understand some companies being bombarded by abuse by campaign groups that target them and deciding to pull advertising etc, but these two in particular can just tell them all to fuck off.

    [–][deleted]  (3 children)

    [deleted]

      [–]AllStr8SexIsRape 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

      They should be forced to serve us. If Christian cake bakers can be forced to serve gays, then credit card companies should not be allowed to deny service to conservatives. Ideological discrimination is discrimination. Either treat it as such or get rid of civil rights laws altogether.

      [–]rman 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

      I don’t think it’s a left vs right thing - There’s only one thing that matters to every single one of these corps: $$$ - they are all two faced and play both sides tricking you into seeing it like this so that you misplace your anger to your fellow citizen that happens to disagree with your political thinking but I guarantee you when it comes down to the bottom line, these places only speak one language and it’s money, they don’t give two shits about community, justice, morals or ethics no matter the politics of it

      [–]rman 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

      It’s virtue signaling - they don’t actually care - they just want to point to some minor action and say “see we did something” — if it was a big money maker to them to ignore some kind of injustice they would and do it gladly

      [–]Article10ECHR 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

      There is no US law that obliges a payment processor to atop providing services because of the content of communications.

      In fact such a law would be unconstitutional.

      [–]Pendergreens 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 1 fun -  (2 children)

      A great reason to start buying some cryptocurrency and using that instead for some stuff.

      [–]Slutbuster 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

      Until you need to cash out any realistic amount - then you have to go back to the payment processors.

      [–]apoliticalinactivist 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

      It's the chicken-egg problem, people don't use because they want to "cash out" to local currency.

      If you use and it takes off, it replaces all local currency. It's a long way off, but no reason to not keep around your $20 to spend in order to support the principle/tech.

      [–]RuckFeddit 4 insightful - 2 fun4 insightful - 1 fun5 insightful - 2 fun -  (1 child)

      ah, ddossing the paypal and mastercard homepage. the good old days

      [–]hector_died_of_aids 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

      move over /., we saidit now

      [–]asterias 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

      In Europe, many countries try to outlaw the use of cash and impose the use of credit cards for all transactions. Currently in Greece you are limited to purchases of up to 300 euros when using cash and similar limits exist in other European countries as well, and I hear things are even tougher in other places.

      So this state-imposed monopoly is real and it's a matter of time before it becomes the status quo everywhere.

      [–]AllStr8SexIsRape 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

      The EU: finishing what Hitler started. Britain should colonize the whole bloody thing.

      [–]whistlepig 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

      Then don't use their money. The more quickly the more people switch to using free currency cryptos like Bitcoin Cash, Dash, Monero, Zcash etc etc... the better.

      Don't ask permission or beg for forgiveness.