Monzo not accepted

[Rat_au_van (Em)]

You made me go and look

I presume it’s the same with cards frozen after purchase

Using Monzo everywhere: improving merchant acceptance

I’m happy to report that this is absolutely not what is happening. In fact, merchants aren’t paid directly from the customer’s bank and we can’t decline a collection of money (but can issue a chargeback if the purchase was fraudulent, etc.). At a high level, what happens for offline payments (and the later finalisation of online payments) is that merchants use an “acquirer” such as their bank, Stripe, iZettle, Square, Worldpay, etc. to send their transactions to the Mastercard network. At seve…