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Europe’s $24 Trillion Breakup With Visa and Mastercard Has Begun
(europeanbusinessmagazine.com)
this post was submitted on 10 Feb 2026
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Visa/Mastercard requires all cardholders, cardholders' banks, merchants, and merchants' processors to follow the comprehensive set of rules for disputed transactions. That way the dispute process tends to be uniform across different banks and across different merchant/payment processors.
The network sets the rules, while the banks implement those rules on behalf of the cardholder and the processor implements those rules on behalf of the merchant.
So replacing the network will require a comprehensive replacement for the network's dispute resolution rules (assigning who is responsible for paying when certain things happens) and procedures (how a cardholder can initiate a dispute and how that gets resolved).
As far as they writes the rules, no thanks
related: https://www.pcgamer.com/software/platforms/valve-confirms-credit-card-companies-pressured-it-to-delist-certain-adult-games-from-steam/
Ok, so this makes the most sense to me. This would indeed need to be handled, I think the best solution is for EU to come up with a set of dispute resolution procedures and pass it as a law for everyone to follow. That way, disputes would be resolved the same way regardless of what network or bank you are using, which sounds the most reasonable to me.