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KingMachiavelli
4 months ago
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DOJ accuses Visa of monopoly that affects price of...
The actual lender for a CC is not Visa, it's the associated bank that's backing the CC. So the redistribution of wealth is occurring on the banks books not Visa's.
kristofferR
4 months ago
[–]
You may be right, but where does all their revenue go then? They can offer their service profitably for 0.1% fees, their fees are often 2-3%.
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