3 ms·
No. They are negotiating with very few entities: just 2 (Visa and MasterCard) account for most card holders. Throw in Amex, and Discover if you want and you've
by mcherm 7y ago
No.
They are negotiating with very few entities: just 2 (Visa and MasterCard) account for most card holders. Throw in Amex, and Discover if you want and you've covered nearly 100%.
Merchants don't have a lot of negotiating power, so they are really not in a position to dictate prices. Visa and MasterCard are in a position to dictate prices.
- robjan 7y agoDepends on the territory. In Hong Kong all major credit cards plus several local payment processors plus WeChat and AliPay are accepted at McDonald's, for example. They regularly do crossovers and promotions to encourage people to use the cheaper ones.
- gowld 7y agoWhich means they are an illegal monopoly/trust and should be regulated.