FlyerTalk Forums - View Single Post - Merchant Not Accepting VISA
View Single Post
Old Jun 18, 2008 | 8:12 am
  #14  
Redhead
FlyerTalk Evangelist
40 Countries Visited
2M
All eyes on you!
25 Years on Site
 
Join Date: Sep 2000
Location: OH
Programs: AA Lifetime Plat, Marriot Lifetime Gold
Posts: 10,008
Originally Posted by TAHKUCT
Good point. Here is an interesting NY Times article (even though a bit out dated so stats could of changed in 18 years):

http://query.nytimes.com/gst/fullpag...57C0A966958260

Taken from the article:

"Less Profit From Mastercard

Although most banks issue both Visa and Mastercard, they make less profit from Mastercard. For one thing, there are 37 million fewer Mastercards than Visas. Mastercard holders also buy less with their cards - an estimated $925 in charges this year compared with an estimated $1,031 for Visa - so banks earn less from merchant fees and interest on balances. "

This situation has changed significantly in the last 18 years.
Redhead is offline