The End of Credit Cards for Small Merchants?

Well it’s finally happening. I am not able to transact without speaking to my customers directly. Gone are the days of set it and forget it, now back to work earning every sale instead of focusing on building or warehousing quality product quickly, with good service, and/or reasonable price (choose two the old maxim).

This goose is cooked.

And then there is this lovely sand pit. Every day it would seem, micro transactions from bots go through with all lower case names. I have to reduce to authorization-only to defend myself (no more auto-capture transaction). Now what happens if they embed an organic customer in there? Will I get the shaft from my merchant provider (Monopoly)? Will I be cited for refusing service on an exploitive bot cluster + one?

Is the merchant provider to blame alone, or was it also the certain characteristic of the credit card - that outward facing premonition?

These web parasite critters are literally brute forcing the already-compromised credit card number system, and they are sniping items which have slipped to underpriced by the tectonic market shifts. They are some reason only targeting the smallest item in my cart. I raise the price of the item to deter the exploitive bot swarm, and then the next lowest price item is targeted. This pattern has continued now into my 3rd-lowest priced item.

Outward facing, but what did I mean by that? Well, every single waiter or waitress, or.. whomever you’ve handed that credit card to has access to the private and secure portions of that card all along. So fraud had been rampant long since, and inherent to the card. And since the unsecured debt is probably printed about 10:1 parity to “real-world” fiat currency AKA USD, the credit card companies are incentivized and even want that kind of nefarious activity to happen, particularly when they control the cattle trough, kangaroo arbitrators failing this also the pocketed judge.

This goose was always cooked.