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I wonder how much of that was Walmart driving it. It'd be a pretty easy ask given that most of these companies have a hatred for the 2-3% credit card fees they
by ascagnel_ 10y ago
I wonder how much of that was Walmart driving it. It'd be a pretty easy ask given that most of these companies have a hatred for the 2-3% credit card fees they give up.
- coleca 10y agoYes, MCX probably took advantage of the retailers' deep hatred of the swipe fees they pay to the banks. We had a similar concern about MCX's competitor ISIS (name later changed to Softcard for obvious reasons) because our finance team feared that it might shift too high of a percentage from Debit transactions to Credit which cost a slightly higher percentage.