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Credit card firms shun allofmp3 site

Started by Serious, October 19, 2006, 23:31:33 PM

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Serious

QuoteVisa and Mastercard have stopped accepting credit card transactions for music downloading site AllofMP3, which is accused of illegally selling songs.

The Russian-based company, which offers chart music at a fraction of the price charged by services such as iTunes, insists it is within the law.

But US officials say AllofMP3 operates outside international agreements and no artists have been given royalties.

The site is now directing customers to pay through another site.

But Visa said it had already stopped accepting payments from that site too.

"The action Visa has taken is in line with legislation passed in Russia and with basic international copyright and intellectual property norms," a Visa spokesman said.

A Mastercard spokesman added the firm "did not tolerate the use of its network for illegal activity".

http://news.bbc.co.uk/1/hi/business/6065492.stm

Looks like the beginning of the end, not that I bought anything from them, they are just as bad, if not worse than the music companies.

knighty


Quixoticish

Quote from: knightycough*link*cough

I thought GoMusic.ru grew out of mp3search.ru?

neXus

If you click partners you will see its all the same place

Quixoticish

Quote from: neXusIf you click partners you will see its all the same place

You learn a new thing every day I guess.