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Re:Visa and Mastercard: The global payment duopoly (2024) by idiotsecant on Thursday July 24, 2025 @07:54PM (#44677791)
I think that there's very little reason to suspect that a rent-seeking middle man getting a bigger piece of the pie is in any way good for the efficiency of the value transfer system, first order or not. You're kind of crab-walking around making a point here.
Re:Visa and Mastercard: The global payment duopoly (2024) by benced on Thursday July 24, 2025 @10:15PM (#44678774)
If credit card networks disappeared today, would we want them back? If the answer is yes, then they deserve a fee. Unclear to me why a certain % is morally correct.
Re:Visa and Mastercard: The global payment duopoly (2024) by idiotsecant on Saturday July 26, 2025 @12:12AM (#44691259)
The correct % is the minimum amount required to sustain the service.we know what that amount is from countries with sane regulation.