BanditKeith2: The worst part is that Visa and Mastercard basically has a stranglehold on the payment process and debit/credit card market with other methods not being that commonly accepted or listed as a means to payment so basically businesses .. especially small ones have to go with the whims of them as a result
sqjzwpsr: Maybe in the US of A - in Europe it's likely more of a 50 50 or even a 40 60 ratio with alternative payment methods like PayPal being able to assert themselves.
Steam conformed to PayPal actually.
But whatever, all the main payment processors just work in tandem. It's an area that desperately needs decentralization. Because currently, Mastercard, Visa and PayPal hold way too much power. They are what needs to be regulated yesterday.
The ToS update is in the screen. Basically, payment processors can literally say to any business - "conform or die".
It is also another reason why retaining physical currency is vitally important, now more than ever. And why entities like the EU are pushing so hard towards removing it - total control.