MASTERCARD ET VISA

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In the USA the credit card duopoly of Visa and Mastercard controls most of the payment market share. The fees they tack on to transactions cost $137 billion per year which impacts prices for everyone.

Mastercard and Visa are paying the competition NOT to compete with them. They are being sued by the DoJ for paying Paypal, Apple and Square NOT to compete.

The average family pays $900 each in those higher prices at stores.

The Credit Card Competition Act, sponsored by Republicans Roger Marshall, JD Vance and Josh Hawley is designed to create more competition and stop MC and Visa from overcharging for swipe fees.

Use DISCOVER 💭

https://x.com/Cheetah1737761/status/1863605844333428742?s=19

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