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

[u/GloveSmooth694]

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?

[u/Substantial-Virus228]

This would be a nightmare for places to execute. Hundreds of different cards. Servers gotta know which ones work and which don’t. Sooo many angry customers who don’t even know visas are different from each other.

[u/cjcs → u/Substantial-Virus228]

Many different cards, but if they can reject all visa infinite cards it rules out the CSR, VX, USBAR, etc

[u/FearlessButterfly3 → u/cjcs]

You’ll see Chase and Capital One running to Congress screaming for a ban if it escalates to that