it's really visa lobbying to destroy the (somehow worse than visa) easy credit new players. they give credit like candy because being online and low value only it's easier to avoid (or swallow) fraud.
forcing their hand to accept offline sales mean they can't decide on the spot, and now those 5k credit lines which they only allow transactions for sub 100 purchases at a time will be wide open for offline fraud they can't detect, and which visa already know how to handle/sustain.
this will probably be lobbied elsewhere soon. i predict Netherlands is next.
it's really visa lobbying to destroy the (somehow worse than visa) easy credit new players. they give credit like candy because being online and low value only it's easier to avoid (or swallow) fraud.
forcing their hand to accept offline sales mean they can't decide on the spot, and now those 5k credit lines which they only allow transactions for sub 100 purchases at a time will be wide open for offline fraud they can't detect, and which visa already know how to handle/sustain.
this will probably be lobbied elsewhere soon. i predict Netherlands is next.