Re:The case for why Google should be regulated as a public u...
by JAlexoid on Tuesday August 11, 2020 @02:07PM
(#24123602)
You seem to think that Visa is a bigger thing, than it actually is.
That 3% is the total cost to the merchant. Visa is just a payments network. It is not the payment processor(the company that the card terminals connect to). They are not the issuer - the banks that charge as well.
Visa facilitates integration between different payment processors and issuers, they don't even handle fraud or low level stuff.
That 3% is the total cost to the merchant. Visa is just a payments network. It is not the payment processor(the company that the card terminals connect to). They are not the issuer - the banks that charge as well.
Visa facilitates integration between different payment processors and issuers, they don't even handle fraud or low level stuff.