Allofmp3 Pissed Off At Credit Card Companies; Plans To Fight Back

from the no-surprise-there dept

Yesterday, we mentioned that Visa had dumped Allofmp3, saying it would no longer process credit cards for the site. Today, Mastercard followed suit. This has Allofmp3 a bit angry, saying that they will do whatever possible to get credit card processing turned back on. They point out, once again, that they have never been convicted of any illegal activity, and previous investigations have shown them to be legal. Of course, just because you're legal, doesn't mean that a credit card company has to process your transactions.

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  1. identicon
    Anonymous Coward, 19 Oct 2006 @ 10:45pm

    if the major credit card companies don't want to allow me to do business with allofmp3.com that is their right and I do not begrudge them of this right.

    At the same time there is only one reason I have a credit card and that is convenience. It is nice to not have to carry cash and struggle to figure out what to do with that collection of copper pennies that I don't wish to carry around as change is made on my purchases.

    I do not have a discover and american express card simply because these cards are not as univerally accepted and visa and mastercard.

    As visa and mastercard start censoring who I can do business with their value to me declines. As their value to me declines I look at them much as I do as cash, I want a better alternative.

    All visa and mc have done have given me reason to look for alternatives. I only need one credit card and it looks like neither visa nor mastercard will be it in the future.

    What I need is a 'same as cash' alternative to cash. I could care less who is behind it, as long as I can use it anywhere, same as I can cash and it must impose the same degree of censorship as cash, that is to say none.

    I don't know who will step up and provide me with this, but to the extent Visa and MC impose restrictions the market simply opens wider for an alternative.

    Dumb move on the part of visa and it's wannbe MC.

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