Hacker News
new
|
past
|
comments
|
ask
|
show
|
jobs
|
submit
login
supertrope
on Aug 18, 2022
|
parent
|
context
|
favorite
| on:
Can the Visa-Mastercard duopoly be broken?
None. When an American uses a rewards card the merchant pays 3% interchange so the customer can pocket 1%. These are high fees compared with a local using a card with the fee capped at 0.3%.
Consider applying for YC's Winter 2027 batch!
Applications
are open till November 2.
Guidelines
|
FAQ
|
Lists
|
API
|
Security
|
Legal
|
Apply to YC
|
Contact
Search: