alt Hacker NewsPeople here don’t understand that Visa and Mastercard get only a small part of the fee. Most of it goes to the issuer and the acquiring banks.
People here don’t understand that Visa and Mastercard get only a small part of the fee. Most of it goes to the issuer and the acquiring banks.
I suspect they aren’t doing this (just) to avoid fees - it’s more about national security in a world where the US might stop being a reliable ally, and in a world where the US has used withdrawing Visa / Mastercard as a strategy to weaken enemy economies.