3 ms·
Ohk. 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
by michael1999 3y ago
Ohk. 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.