Do creditcard companies (visa, mastercard etc) own the internet? - GoFuckYourself.com

mrthumbs · 05-17-2005, 07:53 PM

Nothing 2257 related but please correct me whats wrong with my thinking pattern.

Just imagine they would stop doing internet transactions or any sales initiated from the internet (not possible and would never happen but just imagine) that would kill lets say 80% of the internet turnover?

The only people making money from the internet would be isp's and this place would turn into a service/informational network possibly regulated by governments because nobody else has interest in the network and to defend it.

It would turn websites like amazon and the zillion smaller retailers worldwide
in online catalogs just like we had them 40 years ago.

Targetting the major credit card companies (all located in the Us) gives the Us government control over the internet worldwide.

Fetish · 05-17-2005, 08:11 PM

Visa and Mastercard own the Government also

Sneezy · 05-17-2005, 08:14 PM

nothing wrong with your thinking Chris.
I would love to save the internet if that happens with some European based non-creditcard billing solutions ;-)

Platinumpimp · 05-17-2005, 08:15 PM

They obviously have a great interest in the online market. I think they would cut their own throats pretty deep if they would stop doing internet transactions

kenny · 05-17-2005, 08:15 PM

The credit card people hang with the diamond and oil people during Illumanti meetings

Odin88 · 05-17-2005, 08:16 PM

They own it now, sure. But don't think it would stop the internet. Alternative billing methods would jump up along the lines of paypal, where you add funds via your bank account, etc.

It would kill turnover for a long time, but it wouldn't be the end. I am sure Google, Yahoo, etc would jump in on the alternative market big time and they would be big enough names ot eventually help fill the void.

BRISK · 05-17-2005, 08:33 PM

Quote:

Originally Posted by mrthumbs

Targetting the major credit card companies (all located in the Us) gives the Us government control over the internet worldwide.

Visa is split into six regional operating organizations around the world which are separate legal entities. Visa US, Visa Canada and Visa Europe are all separately incorporated. The US government has power over Visa US, not so much power over the other regions. Which makes sense because different countries of the world have different laws and regulations for credit offering institutions.

Visa is owned by thousands of banks all over the world.

05-17-2005, 07:53 PM	#1
mrthumbs salad tossing sig guy Join Date: Apr 2002 Location: mrthumbs*gmail.com Posts: 11,702	Do creditcard companies (visa, mastercard etc) own the internet? Nothing 2257 related but please correct me whats wrong with my thinking pattern. Just imagine they would stop doing internet transactions or any sales initiated from the internet (not possible and would never happen but just imagine) that would kill lets say 80% of the internet turnover? The only people making money from the internet would be isp's and this place would turn into a service/informational network possibly regulated by governments because nobody else has interest in the network and to defend it. It would turn websites like amazon and the zillion smaller retailers worldwide in online catalogs just like we had them 40 years ago. Targetting the major credit card companies (all located in the Us) gives the Us government control over the internet worldwide.

05-17-2005, 08:14 PM	#3
Sneezy Confirmed User Join Date: Jul 2002 Location: Canada Posts: 450	nothing wrong with your thinking Chris. I would love to save the internet if that happens with some European based non-creditcard billing solutions ;-) __________________ no sig 4u

05-17-2005, 08:15 PM	#4
Platinumpimp Logos and such. Industry Role: Join Date: Jan 2004 Location: Kingdom of the Netherlands Posts: 10,214	They obviously have a great interest in the online market. I think they would cut their own throats pretty deep if they would stop doing internet transactions __________________ I design logo's.

05-17-2005, 08:15 PM	#5
kenny Confirmed User Industry Role: Join Date: Mar 2002 Posts: 7,245	The credit card people hang with the diamond and oil people during Illumanti meetings __________________ 7

05-17-2005, 08:11 PM	#2
Fetish Confirmed User Join Date: Mar 2005 Posts: 823	Visa and Mastercard own the Government also

05-17-2005, 08:16 PM	#6
Odin88 Confirmed User Join Date: Jul 2003 Location: au Posts: 3,267	They own it now, sure. But don't think it would stop the internet. Alternative billing methods would jump up along the lines of paypal, where you add funds via your bank account, etc. It would kill turnover for a long time, but it wouldn't be the end. I am sure Google, Yahoo, etc would jump in on the alternative market big time and they would be big enough names ot eventually help fill the void.