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A comment on Visa and Mastercard agree to lower average credit card interchange fee below 1%. Parent comment

Re:Visa and Mastercard agree to lower average credit card in... by no1lives4ever on Friday May 19, 2023 @07:56AM (#36000712)
Back in 2005, I bought a car in India. I was trying to pay a part of the purchase price using my credit card. My auto dealer wanted me to add a surcharge. When I called up my card company and complained about this, i was asked to pay the surcharge by my card issuer's call center employee :-(
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Re:Visa and Mastercard agree to lower average credit card in... by MichaelZuo on Friday May 19, 2023 @09:39AM (#36001800)
The parent is likely referring to AMEX cards, which is the only issuer that enforces it as a global policy.

And hence why in developing countries only luxury and ultra-luxury establishments accept AMEX cards.

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Re:Visa and Mastercard agree to lower average credit card in... by arcticbull on Saturday May 20, 2023 @12:03AM (#36009280)
It's not a global policy. It's regional.
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Re:Visa and Mastercard agree to lower average credit card in... by MichaelZuo on Saturday May 20, 2023 @06:23AM (#36010675)
Source?
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