Mastercard sued for $19B in Britain's biggest damages claim

Re:Mastercard sued for $19B in Britain's biggest damages claim by pravda on Friday September 09, 2016 @08:31PM (#12467028)

Oh...I assure you they do! Why? Because these fees come out of profits.

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Re:Mastercard sued for $19B in Britain's biggest damages claim by gozur88 on Friday September 09, 2016 @10:05PM (#12467293)

Merchants will charge more when profits drop. None of this is coming out of profits. They only time it comes out of profits is when competitors have some advantage that prevents the merchant from passing increases on to the customer.

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Re:Mastercard sued for $19B in Britain's biggest damages claim by pravda on Saturday September 10, 2016 @02:46PM (#12470412)

If raising prices increase profits, then you're doing prices wrong! Raise prices!

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Re:Mastercard sued for $19B in Britain's biggest damages claim by gozur88 on Sunday September 11, 2016 @01:43AM (#12472149)

The key is whether or not everyone else has to raise prices too.

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Re:Mastercard sued for $19B in Britain's biggest damages claim by DenisM on Saturday September 10, 2016 @12:13AM (#12467659)

Demand is elastic, usually.

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