2min chapter

The LRB Podcast cover image

Two German Frauds

The LRB Podcast

CHAPTER

On Line Gambling - What You Don't Want to Touch

Wycard made money by enabling transactions that visra master card shied away from because they were involved gambling and ponography, things which are legal in some jurisdictions and illegal in others. The thing that the credit car company's upset you hate, is charge backs. That's when you find an item on your bill to hang in. We contact the credit gard company, they refund you, and then they go after the merchant. But they hate doing that. It's bad for their reputation. Its expensive. You know, it's bad for the whole ideaof on line commerce.

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