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News@lemmy.world · 1 month ago

Justice Department accuses Visa of debit network monopoly that impacts price of 'nearly everything’

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Justice Department accuses Visa of debit network monopoly that impacts price of 'nearly everything’

paf0@lemmy.world to

News@lemmy.world · 1 month ago

Justice Department accuses Visa of debit network monopoly that affects price of 'nearly everything’

Visa and Mastercard have surged over the past two decades, reaching a combined $1 trillion market cap. That has attracted unwanted attention from regulators.

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1 month ago
About time.

For reference, visa charges about 1.5%-3.5% on everything.

Oh, plus ten cents for every transaction, because fuck you, that’s why.
- bitfucker@programming.dev
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  1 month ago
  Now that you mention 3.5%, yeah I can see how 30% is a bit much

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