3 ms·
I was expecting that Visa/Mastercard would use a percentage of the existing fees, not add "more fees from the merchant to cover the rewards".
by firtoz 3y ago
I was expecting that Visa/Mastercard would use a percentage of the existing fees, not add "more fees from the merchant to cover the rewards".
- michael1999 3y agoOhk. The trick is that the "existing" fees are different for different cards. And merchants can't opt out of the fat cards without dropping all the cards from that network. So some refuse AmEx, but very few dare drop Visa. Basically racketeering.