theshortofit

4 ms·

1. 1.▲
   by theshortofit 8y ago

   IMO, If surcharging really takes off, I think it will make Visa and MasterCard more accountable for their rate increase or at least think twice about it. I say this because with surcharging the merchants will pass the rate increases on to t
2. 2.▲
   by theshortofit 8y ago

   Rumor has it that Opt Blue Wholesale rates are going up by 10 pts in a few months
3. 3.▲
   by theshortofit 8y ago

   Good post!
4. 4.▲
   by theshortofit 8y ago

   I don't know if its true or not but heard that Costco with this new deal with Visa is only paying a flat 40bps in interchange cost. Now that's a deal!!
5. 5.▲
   by theshortofit 8y ago

   IMHO, the Card Brands are an Oligopoly Industry so they have pricing power and therefore raise prices because they can. Add on the fact they are public companies with their investors ( your list) hounding them for better returns leads to p
6. 6.▲
   by theshortofit 8y ago

   Actually Visa's Credit Assessment rate is .14%. They raised their prices by 1bpt in January 2019 and wrote themselves a $500 Million check by doing so. This is one of the reasons why Visa's stock performs so well over time.
7. 7.▲
   by theshortofit 8y ago

   All processors ( FDC, Worldpay, Global Payments etc) are required to report credit card sales for each of their customers through 1099 reporting , This reporting is done on what is called a MID ( Merchant Identification)number. Every merch