Mastercard has told financial institutions to stop allowing marijuana transactions on its debit cards, dealing a blow to an industry already on the fringes of the financial system in the United States.
    • Belgdore@lemm.eeEnglish
      8·
      1 year ago

      Sets a precedent though, and implies that the card companies are responsible for what people buy. First it’s drugs, then it’s porn, liquor, gender affirming items and hormones, contraceptives, or whatever else the fascists don’t like. Companies won’t want to be fined by the fascist right once they start pushing to ban things.

        • Belgdore@lemm.eeEnglish
          31·
          1 year ago

          What federal law are they adhering to? Mastercard isn’t buying the drugs they are denying a person access to the funds that that person already owns. Mastercard should be agnostic to what the person uses that money for.

          It sets a precedent that card companies are responsible for what their client’s purchase, and can reject transactions based on what their clients are purchasing, not how much money/credit they have.

          I can go after corporate shitheads and fascists especially when they are holding each other’s cocks.

            • Belgdore@lemm.ee
              21·
              1 year ago

              Why should I care what a person is buying? So what if they are buying hitmen or 100 kilos of cocaine? If and when they get caught they will go to prison. It’s not Mastercard’s job to police the system.

      • PersnickityPenguin@lemm.ee
        142·
        1 year ago

        You do realize that there are no banks in the United States that will allow marijuana related business to work with them either, right?

        It’s highly illegal under federal law. My business is done business with marijuana related businesses in the past, and they all have to operate with cash and hand only. It’s insane.

        Nothing like carrying a suitcase full of $250,000 in small sequential unmarked bills to the bank you know…