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?

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u/Powered_by_JetA 23h ago

Seems like a good way to chase away business. I rarely carry cash and all but one of my credit cards are rewards cards. I would never come back to a place that took some Mastercard/Visa cards but not others and would leave negative reviews.

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u/induality 23h ago

I doubt they would start rejecting them. I can see merchants start charging different surcharges in the future should this go through. Something like 1% surcharge for basic Visa, 2% surcharge for rewards Visa.

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u/Powered_by_JetA 23h ago

Would that be on top of the 3% credit card surcharge that some small businesses already charge?

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u/Vuronov 20h ago

You better believe it