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> Right; their single-card-brand partnership agreement is a tool for getting lower credit card processing fees. Volume rates in general are extremely common.
by judge2020 4y ago
> Right; their single-card-brand partnership agreement is a tool for getting lower credit card processing fees.
Volume rates in general are extremely common.
- dragonwriter 4y ago> Volume rates in general are extremely common. This combines “volume” with “exclude our competitors”.
- judge2020 4y agoMy point (theory) is that Mastercard isn't offering them a big enough volume discount. If they could pay 0.1% I doubt they would exclude MC even if it meant losing out on some Costco credit card accounts.
- dragonwriter 4y agoI'm saying excluding other card brands gets them a bigger discount from their exclusive card network than volume alone would, not that it pushes people to the Costco-branded card from that network (though it probably does that, too.)