Counterpoint: Loads of merchants refuse to accept American Express because the fees are higher. Some merchants have gone to court for the right to offer lower "

Counterpoint: Loads of merchants refuse to accept American Express because the fees are higher. Some merchants have gone to court for the right to offer lower "cash prices" – something Visa/Mastercard oppose because they want those fees hidden. Clearly, at least some merchants are price-sensitive and would be interested in a lower-fee alternative to Visa/MC.