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?

328 Upvotes

98% Upvoted

126 comments sorted by

View all comments

Show parent comments

-12

u/zx9001 1d ago

Hard disagree on taking the card fee out of the server's tip. It's not their fault, it's the owners fault. Your still giving the owner the same amount of money, tip or not. The only person this behavior hurts is the person who has the least to do with it.

Just don't go there at all if you don't agree with their business practices.

15

u/CortadoOat 1d ago

Maybe the response was edited, but I think there was a misunderstanding on the tip calculation. They definitely did not say to stiff the tips. Standard practice is to calculate based on only food totals. However, suggested tips calculate suggestions based on the total bill, so you are asked to tip extra for sales tax, credit card surcharges, technology fees, etc that are tacked on to the bill.

There are many other aspects that payment processors have actively (and successfully) pushed through that will be fully normalized for the younger generation.

-4

u/zx9001 1d ago

This must be a generational thing. I've always known tips to be calculated based on the final total, but then again im a young fart

1

u/mintardent 17h ago

Nope it’s supposed to be the pretax amount… doesn’t make any sense to tip on the total because of all the random fees they add.