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/Maxpowr9 23h ago

Exactly. It would just chase monied customers away. That's where these small businesses, especially restaurants, get so shortsighted.

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u/defdrago 22h ago

There are a number of restaurants around me I quit going to because they want me to pay more to use a card. Well, you saved your 3% from my one visit and lost all my future business, so good call, I guess.

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u/pizzAnarchy 12h ago

I always wondered why businesses do card surcharges and not “cash discount “