If there is a cartel it's at the Visa & Mastercard layer surely.
I agree with this for in-person payments. But surely stripe has a monopoly on development api payments and PayPal on e-commerce. What i would expect is that visa Master card try to buy the stripe/PayPal.
I can't wait for Europe to come up with an alternative for Visa & Mastercard.
European business pay a "hidden" tax to the US on everything, in the form of Visa & Mastercard commissions.
Which (a) the EU can and does regulate (b) the majority of the commission goes to the issuing bank.
I hate feeling as if I'm defending Visa or Mastercard, but if we're going to attack them, let's get our storytelling correct first.
That's fair but it does end up flowing through the US right?
I agree with this for in-person payments. But surely stripe has a monopoly on development api payments and PayPal on e-commerce. What i would expect is that visa Master card try to buy the stripe/PayPal.
I can't wait for Europe to come up with an alternative for Visa & Mastercard.
European business pay a "hidden" tax to the US on everything, in the form of Visa & Mastercard commissions.
Which (a) the EU can and does regulate (b) the majority of the commission goes to the issuing bank.
I hate feeling as if I'm defending Visa or Mastercard, but if we're going to attack them, let's get our storytelling correct first.
That's fair but it does end up flowing through the US right?