I cannot believe that Visa transaction overhead would be higher than Amex - there's something going on behind the scenes here.
I don't think this is the end of it either, it smells like a negotiation threat. Visa have a larger market share overall (80%, including debit cards [1]) but Mastercard leads in credit cards. Amex has always been fairly niche because it's not accepted everywhere.
I don't think this is the end of it either, it smells like a negotiation threat. Visa have a larger market share overall (80%, including debit cards [1]) but Mastercard leads in credit cards. Amex has always been fairly niche because it's not accepted everywhere.
[1] https://www.statista.com/statistics/1116580/payment-card-sch...
> Visa was the largest card issuer in Ireland and the United Kingdom, with market shares of over 80 percent in both countries. (from 2019)
Reading further it does look like most Visa cards are debit cards and Mastercard has the lead in credit cards.
PS: Comment updated after some research.