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A comment on EU fines Mastercard more than half a billion euros. Parent comment

Re:EU fines Mastercard more than half a billion euros by ip26 on Tuesday January 22, 2019 @02:25PM (#18971479)
Sure Discover and Amex exist, but fees for merchants are usually high and adoption is lower.

Doesn't that suggest VISA & MC are not making obscene profits? The upstart being more expensive than the incumbent is often a sign that the incumbent is not just resting on their laurels with fat profit margins.

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Re:EU fines Mastercard more than half a billion euros by astura on Tuesday January 22, 2019 @04:39PM (#18972809)
Neither American Express nor Discover are upstarts.... both are old.

AMEX has been issuing charge cards since 1958 and Discover has been issuing credit cards since 1985.

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