This sounds like Payson's policy, not Visa and Mastercard. Maybe they were on the hook for fraudulent credit card charges and felt this was the best way to protect themselves.
This makes more sense than V and MC banning only 1 payment provider and leaving everyone else alone.
Techdirt has not posted any stories submitted by bonford.
"Due to a recent policy change"
This sounds like Payson's policy, not Visa and Mastercard. Maybe they were on the hook for fraudulent credit card charges and felt this was the best way to protect themselves.
This makes more sense than V and MC banning only 1 payment provider and leaving everyone else alone.