Comment by digitaltrees
4 hours ago
What is the regulatory capture? Visa and master card have contract terms that ensure retail capture. That’s a private moat not regulation.
4 hours ago
What is the regulatory capture? Visa and master card have contract terms that ensure retail capture. That’s a private moat not regulation.
What’s stopping a new competitor to come in apart from regulations? You would expect someone already trying that given how profitable it is
The contracts with merchants prohibited them from accepting other forms of payment.
https://www.justice.gov/archives/opa/pr/justice-department-s...