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Businesses don't get to negotiate with Visa and Mastercard. They negotiate with banks. And banks negotiate with large volume customers. That's why McDonald's ca

Businesses don't get to negotiate with Visa and Mastercard. They negotiate with banks. And banks negotiate with large volume customers. That's why McDonald's can afford to take credit for a $1 ice cream cone without losing 33% of it to the card company. Square has a lot of options in the way they process transactions, and they have a very high volume (now more so than ever)

andyakb 14y ago
...right, so why cant starbucks negotiate with banks, much like mcdonalds does?
- notatoad 14y ago
  because the parent is wrong, McDs doesn't negotiate with the banks either. they negotiate with a payment gateway provider. which is what Square is.