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Sorry but it utterly defies belief that Amazon were able to reduce their MDR by loudly pretending to be a grocer. The banker scans the document with a frown.
by sho 8y ago
Sorry but it utterly defies belief that Amazon were able to reduce their MDR by loudly pretending to be a grocer.
The banker scans the document with a frown. He strokes his chin thoughtfully.
"Amazon.. Amazon. Where have I heard that.. Oh yeah, the grocer! Zero basis points!"
- StudentStuff 8y agoMDR? Use english please! Back on topic, different SICs[1] get different interchange rates from Visa, Mastercard and the like. Multiple companies have sued to lower certain SICs interchange rates[2]. Amazon's SIC has changed over time, and it could easily be argued that they fit into multiple SICs. Its up to the sales org that handles them to appropriately code their SIC, Amazon could easily have switched to processing with a new platform for Amazon Fresh, and slowly moved most of their volume over without negative repercussions from Visa/Mastercard. 1 - https://en.wikipedia.org/wiki/Standard_Industrial_Classification https://en.wikipedia.org/wiki/Standard_Industrial_Classifica... 2 - https://en.wikipedia.org/wiki/Payment_Card_Interchange_Fee_and_Merchant_Discount_Antitrust_Litigation https://en.wikipedia.org/wiki/Payment_Card_Interchange_Fee_a...