Are Mastercard and Visa Strangling Ecommerce?

[regic]

...Nova, the credit card order processing company we use, is suddenly and without warning declining all Visa and MC orders from SherpaStore. Yup, for the next 48 hours (until the dot of March 1st), all Visa and MC cardholders will be declined at our store no matter how good your card is. (However, if you use Amex or Discover, or want to be billed, you're still ok.)

Why are Mastercard and Visa stopping us cold in our tracks? Because we're too successful.

Visa and MC don't like merchants who do well, because then the card companies' risk gets higher...

full article: http://marketingsherpa.com/sample.cfm?contentID=3194