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Raising rates from 2.5% is a pretty great indicator of monopoly power, and a good target for startup disruption.
by joshe 8y ago
Raising rates from 2.5% is a pretty great indicator of monopoly power, and a good target for startup disruption.
- CardFellow 8y agoVisa / MC rates aren't 2.5%. There are multiple components to the final rate that a business pays, with the bulk of it being interchange, which goes to the banks that issue cards. Visa/MC only get assessments and dues, which are significantly smaller. (Visa's volume assessment is 0.13%, for example.) We need to know which fees they're raising, and by how much, to know what sort of impact this will have.