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People here don’t understand that Visa and Mastercard get only a small part of the fee. Most of it goes to the issuer and the acquiring banks.
by ExpertAdvisor01 8mo ago
People here don’t understand that Visa and Mastercard get only a small part of the fee.
Most of it goes to the issuer and the acquiring banks.
- Closi 8mo agoI suspect they aren’t doing this (just) to avoid fees - it’s more about national security in a world where the US might stop being a reliable ally, and in a world where the US has used withdrawing Visa / Mastercard as a strategy to weaken enemy economies.
- speedgoose 8mo agoI think the recent stories of the International Criminal Court judge being forbidden to use VISA and Mastercard, making his life somewhat more challenging, did make some politicians aware of the risks. https://en.wikipedia.org/wiki/Nicolas_Guillou https://en.wikipedia.org/wiki/Nicolas_Guillou