2 ms·
Sure Discover and Amex exist, but fees for merchants are usually high and adoption is lower. Doesn't that suggest VISA & MC are not making obscene profits? The
by ip26 8y ago
Sure Discover and Amex exist, but fees for merchants are usually high and adoption is lower.
Doesn't that suggest VISA & MC are not making obscene profits? The upstart being more expensive than the incumbent is often a sign that the incumbent is not just resting on their laurels with fat profit margins.
- astura 8y agoNeither American Express nor Discover are upstarts.... both are old. AMEX has been issuing charge cards since 1958 and Discover has been issuing credit cards since 1985.