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Yes, but AmEx is vertically integrated, and they have 0 interest in shitting in their own backyard just to marginally increase the profit margin. Visa/MC can a
by sgjohnson 5y ago
Yes, but AmEx is vertically integrated, and they have 0 interest in shitting in their own backyard just to marginally increase the profit margin.
Visa/MC can afford to just not care, because there’s always someone else who’ll pick up the tab. Which simply is not an option for AmEx.