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The TL;DR I got from this article: * Fees will go up for card not present transactions (online and phone) and fall a bit for card present transactions. * Over
by wtmt 7y ago
The TL;DR I got from this article:
* Fees will go up for card not present transactions (online and phone) and fall a bit for card present transactions.
* Overall, Visa is increasing fees to make more money than before since there aren’t any other details provided.
My take is that if Mastercard plays it right, this is a good time to capture a higher market share at Visa’s expense (though it wouldn’t come anywhere close to toppling Visa’s lead).
- lotsofpulp 7y agoI have yet to see a merchant not accept Visa and accept Mastercard. I'm betting all the networks will increase their fees to raise revenue.
- dundercoder 7y agoKroger did that very thing last year it was messy.
- jankassens 7y agoAnd the published fees for large supermarkets are going down. Probably because they have the leverage and could even shape consumer behavior by making them used to some alternative.
- watersb 7y agoYes. Potentially confusing to customers, because Kroger continued to accept Visa debit cards. In the context of this conversation, the distinction is clear. And Kroger tried super hard to communicate effectively regarding this fight.
- deleted 7y ago[deleted]
- ckdarby 7y ago> I have yet to see a merchant not accept Visa and accept Mastercard Costco in Canada.
- astura 7y agoCostco is unusual as only accepts the credit card issuer that their card is issued through, when AMEX issued their credit card they only accepted AMEX.
- ValentineC 7y agoSome merchants in Singapore don't accept Visa, but accept Mastercard, because Visa's standard merchant agreement here prohibits adding a surcharge, but Mastercard's and Amex's don't.