Why Visa And Mastercard Users May Be About To Get Discounts At Stores

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    Thanks to a court ruling in February against American Express, next month will mark the beginning of opportunity for retailers who allow customers to use Amex, Mastercard, and Visa in their stores. This is according to the Wall Street Journal which says that another court “denied the company’s request to keep the rules in place pending its appeal.” This ruling was made as a result of what was deemed “anticompetitive” practices by American Express to push their vendors to not be able to steer customers to other credit cards. Vendors would normally like customers to use other cards (besides American Express) because Amex charges them a higher rate to process their cards with the transactions. Now, Amex has said they will stop this practice next month and vendors will have the option to steer customers towards using Visa and Mastercard cards instead of the Amex cards that they may otherwise use. Vendors cannot charge more for customers wanting to use Amex, so if Amex is your preferred card, no worries there. But, they can... The post Why Visa And Mastercard Users May Be About To Get Discounts At Stores appeared first on Running with Miles.

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