Comment on Mastercard release a statement about game stores, payment processors and adult content
NotMyOldRedditName@lemmy.world 3 days agoPractically no one in the world who accepts payments for their business directly integrates with visa or Mastercard. It’s all 3rd party companies who integrate (because it’s fucking hard and tedious) and then resell it
In almost all cases, any talk about payment processors, is them, not visa/Mastercard.
Otherbarry@lemmy.frozeninferno.xyz 3 days ago
Yup, most times when a business gets set up for accepting credit card payments they need to set up a bank, merchant account, gateway, those things integrate with the CC companies. Often they aren’t even the same company so you’re kind of dealing with a bunch of different entities. I’m not sure if I missed any other middlemen.
Though I’ll say lately the new thing is for the POS system / website / whatever to sell you the merchant account/gateway under their own systems so everything besides the bank and credit card companies are integrated through them (& they collect more money).