The guy got it wrong. If a company wants to bring ANOTHER merchant into the mix, AFTER the transaction has been concluded, it can’t just send my info to them, I have to send it myself. That's what the bill says.
Amazon and ClickBank are just fine.
The question I have is, how does this affect virtual currencies and systems where I pay money to the initial merchant and they turn around and pay someone else (such as PayPal)?
Amazon and ClickBank are just fine.
The question I have is, how does this affect virtual currencies and systems where I pay money to the initial merchant and they turn around and pay someone else (such as PayPal)?