Credit card ban on Russian music site
19/10/2006 - 06:57:32
Visa International and MasterCard have stopped accepting credit card transactions for purchases of online music made on a Russian website accused of selling music illegally.
San Francisco-based Visa asked member banks not to process purchases from AllofMP3.com as of September 1. MasterCard, the number two payment system in the world behind Visa, ceased accepting credit card purchases on the website in early August.
AllofMP3.com typically charges around 56p (83c) for an entire album and just pennies per track. By contrast, an album at Apple Computer’s iTunes Music Store and other licensed services typically costs about £5.50 (€8.19) and a song 55p (82c ).