Purchases With Plastic Get Costlier for Merchants—and Consumers


The two biggest U.S. card networks are apparently gearing up to increase certain fees levied on U.S. merchants for processing transactions that will kick in this April. Either Visa and Mastercard are in see no trend, hear no trend, speak no trend mode when it comes to the way fees in the industry are supposed to go, or this is a mafia don move proving their dominance and the industry's reliance on them. Either way, I think this creates a tremendous opportunity for a company or companies that understand that data not fees is the key (*cough* Square, Stripe, Ant, Tencent) to step in and win a whole lot of market share.


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