@HalfAGlass are you surprised that visa and Mastercard increased fees

Question

Amp Community

Erick

@HalfAGlass are you surprised that visa and Mastercard increased fees

instead of lowering, in order to compete in the payments space?

#amp #cryptocurrency #english

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31.08.2023

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Sad Birdy ₳👑 x1000+

HalfAGlass
I have been saying for a long time they will tweak...

How would they use Flexa?

0

31.08.2023

HalfAGlass

Sad Birdy ₳👑 x1000+
How would they use Flexa?

There is proposed legislation being worked on right now for merchants to have a choice other than being required to use their rails for credit cards like they have alternatives for debit card transactions. I would imagine there will be some maneuvering behind the scenes to give the appearance they are allowing some competition while maintaining most of their existing structure (and fees). There is a reason that Visa, Mastercard and American Express are all advisors to Flexa and some of the people Tyler keeps saying they "are building what people are asking for". It doesn't have to be a big percentage to be relevant, but I do believe that the major credit card processors will use Flexa on the back end for some processing.

0

31.08.2023

HalfAGlass · Accepted Answer

I have been saying for a long time they will tweak their fees to remain relevant. They will increase where they can so they can reduce elsewhere. They will probably use Flexa (or something similar) for a portion of their transactions to save some money so they can reduce fees for their bread and butter business. All players will evolve as time goes on. They raise rates twice a year and the current raises (October this year and April of next year) are not unexpected. Here is their strategy, IMO:

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@HalfAGlass are you surprised that visa and Mastercard increased fees

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