Re:How credit cards make money
by xmprt on Saturday November 06, 2021 @01:09AM
(#29127686)
I had to take a few minutes to understand this case. So essentially, merchants who were already accepting Amex cards couldn't tell their customers to use a Visa card instead if they had one. If a merchant didn't want to accept Amex cards then they shouldn't have partnered with Amex.
[ Parent
| on HN ]
Re:How credit cards make money
by dan-robertson on Saturday November 06, 2021 @10:55AM
(#29130699)
Merchant’s can’t do it because the contract they have with Amex says they can’t. The case said that Amex were allowed to have such terms in their contact (ie that it’s not anticompetitive to have them)