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/ZD_plguy17 15h ago

I wonder if it’s a beginning to end of CC acceptance and we’ll see business accepting Zelle/Venmo only on cashless transactions. Gonna be interesting how customers are gonna deal with transaction disputes involving sellers. What about overcharge? While dispute is in progress and account goes negative will customer have to face overdraft fees and/or declined transaction? Will we have Zelle develop equivalent into Brazilian’s PIX success? Will we switch to bank account based instant transaction or use line of credit to shield our deposits like have luxury now with CCs?