We anticipate that even with this update, third parties will continue

[Midareyukki]

I don't get this choice. Like, yeah okay, we can assume that this wasn't easy for them to do either because it implies that they'll lose sales money. But surely there were other avenues before this became the one option to take? It looks like it was an extreme move from their part. Great that it might have an impact on RMT, but it definitely will have an impact on people that aren't engaging in RMT to begin with. Are the Visa charges really that high to warrant this?

Adding on to what azuri said: too many charge backs happening will make payment providers not want to make business with you at all. Certain services on the internet are struggling a lot with getting payment processors at all because of how much chargeback fraud is done to them.

Is it even possible for them to change their transaction methods? Because if they could opt for a different model that wouldn't affect them to the point of needing to do this, it could be better?

[Saraide]

I don't get this choice. Like, yeah okay, we can assume that this wasn't easy for them to do either because it implies that they'll lose sales money. But surely there were other avenues before this became the one option to take? It looks like it was an extreme move from their part. Great that it might have an impact on RMT, but it definitely will have an impact on people that aren't engaging in RMT to begin with. Are the Visa charges really that high to warrant this?



Is it even possible for them to change their transaction methods? Because if they could opt for a different model that wouldn't affect them to the point of needing to do this, it could be better?

Being shut out of the big payment providers like visa or mastercard would be a massive hit to any business. OnlyFans was on the verge of disallowing explicit content entirely on their platform because of pressure from payment service providers.

[AshDidit]

Being shut out of the big payment providers like visa or mastercard would be a massive hit to any business. OnlyFans was on the verge of disallowing explicit content entirely on their platform because of pressure from payment service providers.

Visa and MC would not shut out SE over chargebacks. They would lose millions, if not billions in fees. They're not given to stupid moves.
I have a friend who works at one of them and I can tell you from first hand knowledge, what they do is:

require companies incurring more than X % threshold of chargebacks to strengthen their verification processes.

And this is literally what SE did NOT do.

So, I feel that this is not about chargebacks at all.
I feel this isn't even about RMT at all.
Because, SE said clearly, the RMT activity will continue.

Not 'can' continue, not 'might' continue... but -will-.
So, it's impossible that this is a 'fix' for RMT.

[Axious]

Wonder if Square was in a tough spot with the recent “cyber attacks”.

Maybe they did this for a step to help people from being robbed blind.

“Oh no my account was hacked and someone gifted an account (insert $100s of dollars of mog station items)”

If that’s the case. Good job in helping your customers!