An article in USA Today's Tech section indicates that a new MasterCard rule would bar Web sites from accepting MasterCard payments through 3rd party payment systems. Does anyone have any further information?
to me, this shows that there is too much fraud with paypal and it's yet another good reason not to use paypal. shame that usa today doesn't mention what other card processing companies are and are not affected - it's going to be highly unfair on paypal users that don't know any different if they switch to another service also affected .....
You're right - the USATODAY articles do focus on PayPal and don't list what other 3rd party systems are affected. At this point if Website owners are thinking of switching from PayPal to another service solely on the basis of this pending change in Mastercard rules, perhaps they should wait until May 1 to see if PayPal and Mastercard are able to negotiate an agreement.
Other 3rd party payment systems may also be attempting to negotiate their own agreements with Mastercard before May 1. If Mastercard wants more screening and more fraud controls, as this USATODAY update suggests, maybe some or all of them will be able to come up with procedures that satisfy Mastercard. Or, maybe they won't. It'll be interesting to see how this all plays out.
well it only affects some companies - it appears that those with bank connections won't be affected. i mailed usatoday to ask if they would post lists of those that are and are not affected. i doubt if they will do anything - journalists don't help anyone except themselves ...
At least USATODAY has published these articles. It's interesting that thus far a few other publications have published articles reporting on the first USATODAY article, but I haven't yet come across any publications that have joined in with their own independent research and reporting.
As you noted, Ideavirus, this is a development with pretty big implications, but not much information has yet come forth.