Comments on: Visa IPO – V On Tap http://www.yourtradingstock.com/2008/03/visa-ipo-v-on-tap/ Online Stock Trading | Discover Stock Trading Online with Online Stock Trading Tips, and Stock Picks Wed, 08 Jun 2011 22:18:35 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Marigold http://www.yourtradingstock.com/2008/03/visa-ipo-v-on-tap/comment-page-1/#comment-7799 Marigold Wed, 19 Mar 2008 20:09:22 +0000 http://www.yourtradingstock.com/2008/03/visa-ipo-v-on-tap/#comment-7799 Don't forget that Visa along with MasterCard is facing up to the Credit Card Fair Fee Act. It was introduced last week by John Conyers and Chris Cannon, and if passed, it will give merchants more leverage in negotiating the processing fees. Merchants pay it whenever they accept a card for payment, is much higher than the transaction costs it supposedly pays for. What happened in Australia could happen here -- they capped the fees, and you know what? Card usage still went up. They should hope that happens. The lawsuits they're facing over it might create a worse outcome for them. Don’t forget that Visa along with MasterCard is facing up to the Credit Card Fair Fee Act. It was introduced last week by John Conyers and Chris Cannon, and if passed, it will give merchants more leverage in negotiating the processing fees.

Merchants pay it whenever they accept a card for payment, is much higher than the transaction costs it supposedly pays for. What happened in Australia could happen here — they capped the fees, and you know what? Card usage still went up. They should hope that happens. The lawsuits they’re facing over it might create a worse outcome for them.

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