Credit card transactions are also by design bound to the US. A transaction going... | Hacker News

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		iwwr on March 6, 2012 \| parent \| context \| favorite \| on: Uncle Sam: If It Ends in .Com, It’s .Seizable Credit card transactions are also by design bound to the US. A transaction going from France to Germany, legal in both places, may still need to be routed through the US and hence controllable. And when all that fails, the US can pull on their extradition treaties to get governments to hand over anyone else.

ghurlman on March 6, 2012 [–]

Is this just a result of Visa, Mastercard, AmEx, etc. being American companies? Are there no non-American credit card conglomerates out there?

timbre on March 6, 2012 | [–]

If it is just a result of the credit card companies being American, JCB is a fairly widespread non-American (Japanese) alternative.

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