Mastercard Regulations

[Bad Ninja]

MasterCard has elected to act as a proxy for gov's unlawful and extraordinary regulatory intrusion into commerce. The net effect being that commercial policy induced by regulation survives the failure of regulatory overreach in the courts. The tree dies but the roots remain. If there is no pushback in no time this will become common practice and few will remember how it happened.

Good luck all.

Turns out it wasn't Mastercard.
It was a Merchant service provider trying to scam $500 a year from their clients.

 

[MacTechVpr]

Turns out it wasn't Mastercard.
It was a Merchant service provider trying to scam $500 a year from their clients.

Interesting. I just got an advice eve of the 10th from Johnson Creek that the nexus of enforcement is MasterCard. It is not retracted, redacted and is echoed on their page here still…Note! Important Policy Change + 20% off all e-liquid – Johnson Creek Vapor Company.

Good luck all.

 

[puffon]

Just got a reply from Om Vapors thanking me for forwarding the recent e-mail I got from Lightning Vapes.
They are now looking into a new service provider.

 

[sofarsogood]

can you spell bitcoin?

 

[Katdarling]

I still truly believe that this is and was MasterCard initiated. That letter, quoted by LV, appears to be from a merchant service provider that would very much like some business.

Altho I don't have alllllllllll the facts, I will continue to investigate this.

 

[Boodaddy]

Bitcoin is nice, but it's a pain to buy. Then the price dumps $400 like it just did, and you loose money. It's great for investment long/short term, but to hold for purchases doesn't make sense right now.

If you purchased $1000 worth of bitcoins a couple weeks ago, you would only have $600 bucks now, and you lost $400 bucks. I stress if you buy bitcoin for purchases, you NEED to spend it quickly and not hold it long term unless your investing...

 

[Bad Ninja]

I still truly believe that this is and was MasterCard initiated. That letter, quoted by LV, appears to be from a merchant service provider that would very much like some business.

Altho I don't have alllllllllll the facts, I will continue to investigate this.

$500 annual registration fee mentioned three times.
Something smells fishy.

 

[Cheallaigh]

ninja... the canadian bank was triggered by MC and their viewing vaping as tobacco.

 

[440BB]

well the TD Bank (Toronto Dominon) here in canada just dumped all ecig vendors over the holidays and gave them till tomorrow to find someone else to work through.

I believe they only dropped all small ecig vendors, while continuing to serve a handful of their largest ecig clients. I guess they used the tobacco excuse to justify it to the little guys while keeping the most profitable ones.

 

[Cheallaigh]

they dropped 99%, kept the top 1% big ones which means they are just doing it for the money factor, not because of gov... the happy vapour guy... that's one of the companies i buy from *sigh*, i'm more than 2 hours north of his shop.

 

[Bad Ninja]

they dropped 99%, kept the top 1% big ones which means they are just doing it for the money factor, not because of gov... the happy vapour guy... that's one of the companies i buy from *sigh*, i'm more than 2 hours north of his shop.

Ouch.
That would be illegal in the US.

 

[Cheallaigh]

heh you didn't watch the video? naughty ninja!

 

[Bad Ninja]

heh you didn't watch the video? naughty ninja!

Hell no.
I dont need my info to be spun.
My google-fu > msm.

 

[440BB]

they dropped 99%, kept the top 1% big ones which means they are just doing it for the money factor, not because of gov... the happy vapour guy... that's one of the companies i buy from *sigh*, i'm more than 2 hours north of his shop.

A bank that dismisses all but a few vendors is helping those few succeed at the expense of the smaller guys, making them scramble and likely pay more for processing. A predatory self serving deal in my opinion.

I'm hopeful that a few processors seize the opportunity to grow their businesses by serving the vape community that needs them. It needs to happen as quickly as possible. Canadian vapers deserve choices, not a virtual monopoly.