kboy101222@sh.itjust.works 8 months ago
I’d love Valve to spend their extra billions on opening a payment processor. Fuck the big 3.
There’s multiple steps to this sadly, including the payment gateway, processor, acquirer and this is before even Mastercard, VISA, Amex or other card companies come into the picture.
It’s not impossible, but Valve would need to convince the card issuers that they are a valid processor and then also make deals with banks all over the world for GWs. Or they could just act like Stripe and own the full stack and bully their way through the fintech world.
Considering valve is, basically, the gateway to a billion dollar industry, they certainly have the weight to throw around and get this done, or at least to prop up a less demonic processor. It’ll take time whatever they do, but i really hope they are doing something.
That, and I’m like 70% sure that as a payment processor you can’t take your own payments in the way that valve would need to.
They already support local payment processing schemes such as Bancontact, iDEAL, JCB, Pix, etc. A good chunk of their international customer base already isn’t dependent on the big American payment processors.
The way towards undermining Visa/MC’s power is for more governments/Central Banks to push for indigenous alternatives which abide by local regulations rather than foreign puritanism. This is already a desirable goal for most both from a geopolitical POV (reduce American control over world finance) and a financial one (VISA/MasterCard charge outrageous transaction fees).
American consumers are fucked whichever way things go though, it’s not like the regime is going to make a move to break up the monopoly nor to push for less censorship in media. If Valve somehow goes through with this and makes deal with all major American banks, they’ll be done just in time for the Save The Children From Pedostanic Video Games Act or whatever the fuck that will force them to purge all thought crime from their platform.
Yeah I’m surprised they are not on board with Interac Debit in Canada.
Weird, either there’s some backroom drama with Interac or now might be the time for you to ask their support about it.
In America I think you also either literally or effectively (to compete) have to own some banks as well. I think it’s called vertical integration.
The Drip Card from Valve incoming!
Honestly, wouldn’t be surprised, they have spent god knows how much to push linux to unshackle themselves from Windows and Microsoft
ZILtoid1991@lemmy.world 8 months ago
They just need to adapt this!
kboy101222@sh.itjust.works 8 months ago
Unfortunately Taler still needs a lot of maturing, but having a distributed payment system not running on that horrendous waste of energy that is the block chain is promising!
bss03@infosec.pub 8 months ago
I’d never heard of this before. I hope Liberapay adds support for it. I don’t think all itch.io developers would be interested. I’m not sure it quite solves all the problems that Steam has with getting payments to game publishers.
Quite interesting; thanks for the link!