Tag: Mastercard
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Mastercard Bans Debit Cards for US Cannabis Shops, How to Comply without Losing Customers
Mastercard recently made a controversial decision that sent shockwaves through the burgeoning cannabis industry. The global financial giant instructed US-based cannabis shops to cease accepting its debit cards, citing federal laws that still classify marijuana as an illegal substance. The crackdown is instilling fear in cannabis merchants across the US. But what does this move…
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Avoid Chargebacks with Mastercard’s New Subscription Rules
Mastercard has changed its policy regarding subscription billing, negative billing, and recurring billing. These new rules are designed to protect consumers from being charged unknowingly, and subsequently to prevent you from receiving chargebacks. You likely already know the consequences of a customer canceling a subscription via their own bank — chargebacks and fees. Here are…
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MasterCard Goes All-in on Crypto, Embraces the Future of Payment Processing
About a decade ago, cryptocurrency began. Bitcoin was the one and only option and mined by just a few enthusiasts. At the time, crypto was arguably too futuristic to be taken seriously. Decentralized? Blockchain? Digital wallets? Very few were buying into the idea. Fast-forward 10 years and we’ve reached the point in crypto’s lifecycle where…
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