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Old 11-18-2002, 03:43 PM   #1
420palace
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:stoned Visa and Mastercard fucking everybody

Fucked up shit...

http://www.msnbc.com/news/834956.asp?cp1=1
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Old 11-18-2002, 03:47 PM   #2
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Mutha Fucker...doesn't that just figure......lol
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Old 11-18-2002, 03:50 PM   #3
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Think of alternatives of the CC, like mobile SMS billing. Available at the United Kingdom and The Netherlands. More countries will follow, but already 50.000.000 + customers.

Give it a try, cost you nothing. OK, it's a little bit new, but new things good be very interesting.
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Old 11-18-2002, 03:59 PM   #4
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I can't wait for more competition to surface. Fuck Visa and Mastercard.
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Old 11-18-2002, 04:07 PM   #5
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credit cards should use a pin system.
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Old 11-18-2002, 04:07 PM   #6
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And when I loaded the page to read the article...the sponsor of the article? None other than an MSN VISA card
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Old 11-18-2002, 04:08 PM   #7
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...demanding that merchants take their debit cards or lose access to credit-card sales.

Anyone here listen to the Jerky boys? This sounds like the one where Frank Rizzo is calling to get a job as a used car salesman. The guy asks him how he sells cars. So Frank says, "I slam thier head down on the hood, and I say, ' buy this fuckin car or I'll break your fuckin head'. Hey don't laugh, it works."


Well, apparently Frank Rizzo is right.l I can just see Visa reps now, going down to Texas, in some small town, roughing up ma a nd pa's general store. "You'll fuckin use our cards only, or I'll break your fuckin head"
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Old 11-18-2002, 04:09 PM   #8
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:stoned

Quote:
Originally posted by Zayne E.
And when I loaded the page to read the article...the sponsor of the article? None other than an MSN VISA card
Thats fucking hilarious... But seriously Visa and Mastercard has such a huge monopoly on the industry that they can fuck with merchants all they want and no one can stop them...
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Old 11-18-2002, 04:10 PM   #9
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Quote:
Originally posted by 420palace


Thats fucking hilarious... But seriously Visa and Mastercard has such a huge monopoly on the industry that they can fuck with merchants all they want and no one can stop them...
they'll get assfucked by antitrust trials.
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Old 11-18-2002, 04:19 PM   #10
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Originally posted by FlyingIguana


they'll get assfucked by antitrust trials.
let's keep our fingers crossed.
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Old 11-18-2002, 04:29 PM   #11
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I've been using Discover, exclusively, for the last two months or so. It's not much, but hey, I'd rather someone else get my business...
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Old 11-18-2002, 04:41 PM   #12
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Quote:
Originally posted by 420palace


Thats fucking hilarious... But seriously Visa and Mastercard has such a huge monopoly on the industry that they can fuck with merchants all they want and no one can stop them...
Somebody should pull a 'fight club' on all Visa's buildings...
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Old 11-18-2002, 04:48 PM   #13
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V / MC has (back) charged brick and mortar businesses 1-2-3% of the amount that was charged for years. "Right to accept their cards" or some nonsense.

That hadn't soaked all the way in until we were talking about it here last night. One of our friends loses up to 8% of his sales profits that way. And they have to agree to NOT jack up their prices to try and recoup it!!!!

Thieves comes to mind!
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Old 11-18-2002, 04:58 PM   #14
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This antitrust litigation is nothing new... It was began by large companies such as Walmart many years ago.

Anyone with a merchant account has the option of joining the class-action. I have joined it.
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Old 11-18-2002, 05:25 PM   #15
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:stoned

Quote:
Originally posted by XXXstorage Jeff
This antitrust litigation is nothing new... It was began by large companies such as Walmart many years ago.

Anyone with a merchant account has the option of joining the class-action. I have joined it.
Does any one know how to go about joining this antitrust class action litigation? Thanks, Alex
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Old 11-18-2002, 05:29 PM   #16
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Quote:
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they'll get assfucked by antitrust trials.
Yeah -- just like Microsoft did.
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Old 11-18-2002, 05:31 PM   #17
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Anyone else find it amusing that WALMART the biggest of the big boys that like to push people around are heading up this lawsuit?
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Old 11-18-2002, 05:33 PM   #18
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:stoned

Quote:
Originally posted by pr0
Anyone else find it amusing that WALMART the biggest of the big boys that like to push people around are heading up this lawsuit?
Do you think Visa and Mastercard get together and plan this shit out, cause that would really be some monopoly shit...
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Old 11-18-2002, 05:36 PM   #19
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"Shut up you stupid Walmart, or I'll punch you!"

"MOM!! Visa is picking on me again. HE says he's going to hit me"

"Well, hit him back."


I was going to draw a nice cartoon depicting my above 3 line play. But I just can't draw. But it would look like a R.Crumb cartooon.
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Old 11-18-2002, 06:01 PM   #20
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Old 11-18-2002, 06:05 PM   #21
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Originally posted by 420palace


Does any one know how to go about joining this antitrust class action litigation? Thanks, Alex
Apparently everyone who had a merchant's account during the period in question is involved unless they explicitly opt out. At least, that seemed to be the jist of the letter I got from my processing bank about 6 months ago.
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Old 11-18-2002, 06:06 PM   #22
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Quote:
Originally posted by jollyperv
Jolly Perve, that made me laugh so hard. Thanks.
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Old 11-18-2002, 06:07 PM   #23
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Quote:
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Does any one know how to go about joining this antitrust class action litigation? Thanks, Alex
I think if you have a Visa/MC merchant account, you are automatically included unless you opt-out. I got a big fat packet in the mail. I would assume they are sending them to everyone with a merchant account.

If you don't have a merchant account, you can't join. Using a 3rd-party such as Ibill doesn't count.
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Old 11-18-2002, 06:08 PM   #24
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Jolly Perve, that made me laugh so hard. Thanks.
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Old 11-18-2002, 06:23 PM   #25
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They're fighting over money? I thought it'd be over a sac of indo, nigga.
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Old 11-18-2002, 06:40 PM   #26
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There is finally a court date set for this in 2003.

UNITED STATES OF AMERICA, Plaintiff-Appellee, v. VISA U.S.A., INC., MASTERCARD INTERNATIONAL, INC., and VISA INTERNATIONAL, INC. Defendants-Appellants.


http://www.usdoj.gov/opa/pr/1998/October/464at.htm

http://www.usdoj.gov/atr/cases/f11700/11793.htm

Last edited by cherrylula; 11-18-2002 at 06:43 PM..
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Old 11-18-2002, 07:08 PM   #27
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Originally posted by 420palace


Thats fucking hilarious... But seriously Visa and Mastercard has such a huge monopoly on the industry that they can fuck with merchants all they want and no one can stop them...
Well, actually, that's exactly what Wal-Mart, et. al. is attempting to do with the antitrust lawsuit.


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Old 11-18-2002, 07:14 PM   #28
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Hopefully this will keep there management busy covering there own asses and not chasing after us and our chargebacks

Sammy
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Old 11-18-2002, 07:20 PM   #29
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Let's hope Visa and MC lose!!!

I fucking hate both of them.

- MC
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Old 11-18-2002, 09:10 PM   #30
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Hopefully this will keep there management busy covering there own asses and not chasing after us and our chargebacks

Sammy
prolly not...VISA is so huge, it's not like their gonna have all their resources tied up fighting the feds...When microsoft was being sued by the feds, they put out several products including XP, so it's not like this is gonna tie up any valuable resources other than their legal team.
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Old 11-18-2002, 09:12 PM   #31
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Old 11-18-2002, 09:20 PM   #32
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i think metallica said it best...

KILL EM ALL.

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Old 11-18-2002, 10:24 PM   #33
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Go with Verotel

SMS billing;

http://links.verotel.com/cgi-bin/mak...04000000101815
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Old 11-19-2002, 12:00 AM   #34
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:stoned

Quote:
Originally posted by XXXstorage Jeff


I think if you have a Visa/MC merchant account, you are automatically included unless you opt-out. I got a big fat packet in the mail. I would assume they are sending them to everyone with a merchant account.

If you don't have a merchant account, you can't join. Using a 3rd-party such as Ibill doesn't count.

Ok, fine, a lot of us have merchant accounts....any one have any idea how much doe we might see if VISA loses? Is it gonna take years?
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Old 11-19-2002, 12:14 AM   #35
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this part is VERY funny:

"To consumers at the cash register, Visa and MasterCard?s versions of debit cards look and can appear to work like credit cards. But when used that way, they impose fees on retailers that are far higher than conventional debit cards, which electronically draw cash instantly from consumers? checking accounts. Visa and MasterCard?s debit-card transactions withdraw money from checking accounts but use an offline, signature-based system. Retailers say that forces them to pay billions of dollars a year in extra processing charges, costs they say they must pass on to customers."

uh, they already do this for every single item in their store. they boost their prices by 2% or so to make up for the credit card cost. if we use so-called "conventional debit cards", we're giving them an additional 2% or so profit.

how funny.
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Old 11-19-2002, 12:53 AM   #36
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I wonder how long it will be before the EU gets in on the action. Those boys hate anything like this.
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