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Title: Is there anything legally preventing cc companies from saying to a btc merchant Post by: notig on January 05, 2014, 03:19:05 AM is there anything legally preventing credit card companies from saying to a bitcoin merchant "stop accepting bitcoin or we will raise your fees" ?
Title: Re: Is there anything legally preventing cc companies from saying to a btc merchant Post by: empoweoqwj on January 05, 2014, 04:37:58 AM is there anything legally preventing credit card companies from saying to a bitcoin merchant "stop accepting bitcoin or we will raise your fees" ? Depends on the laws of the country. But in general, cc companies can choose who they work with, and also negotiate processing fees. Title: Re: Is there anything legally preventing cc companies from saying to a btc merchant Post by: rjcesq on January 06, 2014, 08:40:51 PM There may be some anti-trust issues if a CC processor were to do this, but it's going to be a long hard fight.
Title: Re: Is there anything legally preventing cc companies from saying to a btc merchant Post by: empoweoqwj on January 07, 2014, 05:58:55 AM There may be some anti-trust issues if a CC processor were to do this, but it's going to be a long hard fight. Again, depends on country. But in general, CC processors and merchant processors who act as go betweens are free to negotiate with individual merchants. So really, nothing to stop them hiking rates if they so choose. I doubt they will though. Just encourage merchants to stop taking cards :) |