• Electricd@lemmybefree.net
      link
      fedilink
      arrow-up
      0
      ·
      2 months ago

      They provide the digital infrastructure to have payments and money flows

      Payment processors are other companies which use payment networks to process said transactions. Then often have their own rules which are more strict than payment networks

        • Electricd@lemmybefree.net
          link
          fedilink
          arrow-up
          0
          ·
          edit-2
          2 months ago

          That it isn’t Mastercard and Visa’s fault but the payment processors’

          Making this meme disinformation

          • Lumidaub@feddit.org
            link
            fedilink
            English
            arrow-up
            0
            ·
            2 months ago

            I don’t know, every news story I read on this said “Mastercard and Visa”. I don’t see how whether they are technically considered “processors” or “networks” matters to me or the issue.