7

6 comments

[–] Boukert 3 points (+3|-0) Edited

Voat’s primary credit card processor has decided, for reasons unknown, to discontinue their relationship with Voat. While they did claim that it was due to “risk”, I can only speculate as to the reasons.

I wouldn't be surprised if this actually was the reason. It's not like Voat has any real solid constant revenue plans, basically it's been hemmoraging cash.

[–] phoxy 3 points (+3|-0)

A credit card processor doesn't care about the long term viability of a business plan. They get paid per transaction and by an account fee.