4 ms·
Visa is 54% of all card purchases, Mastercard is 23%, and together they're 100% of debit purchases. Waaaaaay past any reasonable threshold for market power scr
by jellicle 7y ago
Visa is 54% of all card purchases, Mastercard is 23%, and together they're 100% of debit purchases.
Waaaaaay past any reasonable threshold for market power scrutiny.
But antitrust is currently dormant in the USA.
- kube-system 7y agoDiscover and Amex debit cards exist.
- jellicle 7y agoNot sure what relevance that might have. It's antitrust law, not "monopoly law", and there's no legal requirement that no competitors exist in order for the law to be involved. Antitrust law is about market power, not some imaginary narrow definition of "monopoly".
- kube-system 7y agoI was simply refuting the claim that 100% of debit purchases are Visa + MC.