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True, although Visa card circulation far eclipses MC, so you could take the gamble that they'll have a Visa. Last I checked, Visa actually had more cards in cir
by CardFellow 8y ago
True, although Visa card circulation far eclipses MC, so you could take the gamble that they'll have a Visa. Last I checked, Visa actually had more cards in circulation than all three of the other major brands combined.
Slightly old info, but:
SEC filings for end of 2016 had Visa circulation at 335 million, MC at 200 million, Discover at 51.4 and Amex at 47.5.
https://wallethub.com/edu/market-share-by-credit-card-network/25531/ https://wallethub.com/edu/market-share-by-credit-card-networ...
Nilson report 2016 card usage by volume has Visa at $1.549 trillion, with Amex at $0.695 trillion, Mastercard at $0.693 trillion.
https://www.valuepenguin.com/largest-credit-card-issuers https://www.valuepenguin.com/largest-credit-card-issuers
Forbes has some charts with market share info.
https://www.forbes.com/sites/greatspeculations/2017/09/07/visa-tightens-grip-on-u-s-credit-card-industry-with-market-share-of-nearly-53/#6c5cd41e5112 https://www.forbes.com/sites/greatspeculations/2017/09/07/vi...
- AnthonyMouse 8y agoThe problem is it's not a gamble, it's a percentage. Even if 75% of your customers have a Visa, then 25% of them won't and you risk losing that amount of business by not taking what they do have. Moreover, that still wouldn't give you competition, because then what incentive does Visa have to give you a good rate if they're the only network you could plausibly attempt exclusivity with? It's like trying to solve a lack of competition by creating a monopoly.