It is interesting that I did no see in the comments the costs of using Mastercard & Visa as a reason for governments to find alternatives for their economies.
Both Visa and MC are US companies so there is where the profits go ....
From US Senate hearing : "This is classic, classic monopolistic behavior. Yet you're testimony...is you don't want any competition...I'm having a hard time finding that position defensible, let alone sympathetic...it's unbelievable the amount of money you're making."
Margin 50% ....
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