Mastercard has not evaluated any game or required restrictions of any activity on game creator sites and platforms, contrary to media reports and allegations.
Our payment network follows standards based on the rule of law. Put simply, we allow all lawful purchases on our network. At the same time, we require merchants to have appropriate controls to ensure Mastercard cards cannot be used for unlawful purchases, including illegal adult content.
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Seth Eisen
It feels to me like payment processing has a similar function to physical currency. Like all of those security features on the bills are used to ensure the transaction is trusted.
Point being, I’ve long thought that payment processors are essentially doing a job that should be done by the government.
There are strange gaps where physical services have digital analogues but are completely ignored by the government.
I don’t understand why the treasury doesn’t process payments or why the post office doesn’t issue email addresses, for another example.
Anyways, back to the point, physical currency specifically says that it is valid for all debts. If they applied the same logic to payment processing, then this would never happen.
Probably because government and the people in charge of government are largely tech illiterate and being literate or seeking policy advice from literate people isn’t expected.
It is fucking wild that we don’t have INTERAC credit cards here in Canada