Justice Department accuses Visa of debit network monopoly that impacts price of 'nearly everything’
Justice Department accuses Visa of debit network monopoly that impacts price of 'nearly everything’
www.cnbc.com Justice Department accuses Visa of debit network monopoly that impacts price of 'nearly everything’
Visa and MasterCard have surged in the past two decades, reaching a combined $1 trillion market cap. That has attracted unwanted attention from regulators.
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About time.
For reference, visa charges about 1.5%-3.5% on everything.
Oh, plus ten cents for every transaction, because fuck you, that's why.
Now that you mention 3.5%, yeah I can see how 30% is a bit much
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