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> but the biggest problem with alternative payment networks (to Visa/MC/Discover/AMEX) is that most retailers don't take them Who? I thought it was just like
by lesuorac 2y ago
> but the biggest problem with alternative payment networks (to Visa/MC/Discover/AMEX) is that most retailers don't take them
Who?
I thought it was just like Costco that didn't take Discover/Amex/MC due to Visa contract. Aren't all the credit card terminals pretty much from 3p vendors who support everything including Apple Pay + Square + etc?
- em500 2y agoIn most of Europe and several large Asian cities I visited, AMEX and Discover acceptance is far lower than Visa/MC (which charge lower fees to merchants).
- messe 2y agoAMEX/Discover is virtually unknown in most of Europe. Outside of US-defaultism, why in the world would anyone expect it to be accepted here?
- gusgus01 2y agoDiner's Club is equivalent to Discover card and is at least somewhat present in European countries. I don't know official numbers but I've seen it often enough and have used it once or twice.
- petesergeant 2y ago“Amex is virtually unknown in most of Europe” doesn’t match my experience. Most major European economies have AmEx and AmEx issues many local cards to them
- lmz 2y agoDoesn't Discover have agreements with UnionPay and JCB?
- awad 2y agoFun fact: AMEX has been involved in international payments in one way or another for more than a 100 years and the AMEX card was the first international charge card, launched the same year as the original BofA Visa Card.
- SllX 2y agoPlenty of places don't take American Express or Discover even now, but most will usually take VISA and Mastercard. Costco's a weird one though because they resisted credit cards for a long time until they had their Amex contract with the dual-branded Costco Amex card, but then dropped them for a dual-branded VISA card in 2016.