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"CC transactions will migrate over time to less costly rails starting in the next 12-18 months" People have been saying that for decades. And in fact the oppos
by pbreit 4y ago
"CC transactions will migrate over time to less costly rails starting in the next 12-18 months"
People have been saying that for decades. And in fact the opposite is happening. Visa/MC raising rates. PayPal raising rates. Volume shifting to more expensive BNPL.
- toomuchtodo 4y agoTimely thread: https://news.ycombinator.com/item?id=32100777 https://news.ycombinator.com/item?id=32100777 (UK lawmakers tell Visa and Mastercard to justify fee rises)
- danielmarkbruce 4y agoFedNow hasn't been available for decades. It's a real threat to the entire cc ecosystem.
- deleted 4y ago[deleted]
- spaceman_2020 4y agoUPI in India has effectively killed credit cards as a payment method. Any similar system will likely do the same in the US.
- HFguy 4y agoYou wrote --- > "People have been saying that for decades. And in fact the opposite is happening. Visa/MC raising rates. PayPal raising rates. Volume shifting to more expensive BNPL." He wrote--- > "CC companies are raising their rates because their margin is soon to be compressed." He's talking about fees for transactions. Not rates. They are raising rates to make up for the lost fees.