Re:Visa, Mastercard Agree to Lower Swipe Fees, Settling Long...
by rrrrrrrrrrrryan on Tuesday March 26, 2024 @11:32PM
(#39835442)
They can give legally discounts for other payment methods, but not for specific cards. Credit is credit.
Meaning if you have a card that charges the merchant high fees and gives their customers lots of rewards, the business has to either eat that cost or not take that card. They can't charge you more for AmEx.
Meaning if you have a card that charges the merchant high fees and gives their customers lots of rewards, the business has to either eat that cost or not take that card. They can't charge you more for AmEx.