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Visa / MC are also under monpoloy FTC scrutiny. They've kept out all competitors in he usa, supposedly by threating not letting you accept Visa / MC if you acce
by socalgal2 2y ago
Visa / MC are also under monpoloy FTC scrutiny. They've kept out all competitors in he usa, supposedly by threating not letting you accept Visa / MC if you accept anyone else. In places like Japan, Korea, China, Taiwan, Thailand, Mayalsia there are tons of competitors. And because of the competition the fees are much lower to try to lure merchants as well bonuses for consumers.
- insane_dreamer 2y agoAlmost all places accept AMEX too, and many accept UnionPay and Discover. So not sure about the monopoly bit.
- socalgal2 2y agohttps://www.theguardian.com/business/2024/sep/24/visa-doj-antitrust-investigation https://www.theguardian.com/business/2024/sep/24/visa-doj-an...