Visa, Mastercard mull increasing fees for processing transactions: WSJ

Re:Visa, Mastercard mull increasing fees for processing tran... by theandrewbailey on Friday February 15, 2019 @12:45PM (#19172957)

> But they're not competitors. They just happen to provide the same service.

Why are they not competitors?

I might be way out there, but if two companies provide the same service (even if they vary slightly), they are competitors.

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Re:Visa, Mastercard mull increasing fees for processing tran... by btian on Friday February 15, 2019 @01:19PM (#19173289)

Because there are only 2 companies in the industry with huge moat - https://www.jstor.org/stable/4225650?seq=1#page_scan_tab_con...

It's the same reason why airlines don't compete with each other.

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Re:Visa, Mastercard mull increasing fees for processing tran... by refurb on Friday February 15, 2019 @01:41PM (#19173500)

The price of flights to Hawaii just dropped because SouthWest is starting a new route there. How is that not competition?

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Re:Visa, Mastercard mull increasing fees for processing tran... by nightski on Friday February 15, 2019 @01:10PM (#19173201)

They are competitors, but it's not a zero sum game. There are plenty of consumers who have both.

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