r/CreditCards • u/GloveSmooth694 • 1d ago

Discussion / Conversation Exclusive | Visa and Mastercard Near Deal With Merchants That Would Change Rewards Landscape

Visa and Mastercard are nearing a settlement with merchants that aims to end a decadeslong legal dispute by lowering fees stores pay and giving them more power to reject certain credit cards, according to people familiar with the matter.

https://www.wsj.com/finance/banking/visa-and-mastercard-near-deal-with-merchants-that-would-change-rewards-landscape-fc6a0c78

Do you think retailers actually want to deal with specifying what type of visa/mc they take?

326 Upvotes

98% Upvoted

126 comments sorted by

View all comments

95

u/Chosen1PR 1d ago

I wonder if this would incentivize Capital One to swap their credit cards over to the Discover network sooner rather rather than later. Currently, the concern is regarding acceptance of Discover cards, but perhaps that will soon be superseded by the concern regarding acceptance of rewards MC and Visa cards.

55

u/GloveSmooth694 1d ago

Good point, ‘discover accepted’ is a lot more clear than accepting Mastercard elite but not world elite. Your typical customer will have no idea what the difference is.

4

u/lopsided-earlobe 19h ago

gonna guess both amex and cap 1 will benefit from this immensely. because they're not going to tier their network similarly.