Re:Visa, Mastercard mull increasing fees for processing tran...
by ams6110 on Friday February 15, 2019 @02:45PM
(#19174070)
Just like all the gas stations in an area raise and lower their prices at the same time and in the same amounts.
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Re:Visa, Mastercard mull increasing fees for processing tran...
by dogma1138 on Friday February 15, 2019 @06:57PM
(#19175935)
Gas stations change their prices based on their primary supplier for a given area these prices tend to be more or less the same, they also don’t make money on selling gas these days but rather of the convenience store/restaurant or by leasing that space to someone.
Re:Visa, Mastercard mull increasing fees for processing tran...
by davidsawyer on Friday February 15, 2019 @03:38PM
(#19174494)
Gas stations do that at a very regular cadence: daily.
Visa and Mastercard change prices much less often than that, so this take is a little too apples-and-oranges for me.
Re:Visa, Mastercard mull increasing fees for processing tran...
by CardFellow on Friday February 15, 2019 @05:04PM
(#19175133)
It's true that they don't change prices daily, but it's also not particularly uncommon for them to do so. Visa raised an assessment I think last January? And interchange fees have changed several times over the years as well.