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Visa Inc. Message Board

  • raul_marrero2000 raul_marrero2000 Jul 31, 2013 2:25 PM Flag

    FREE ENTERPRISE UNDER ATTACK

    Governments attack success and bail out losers. Now merchants are attacking VISA and forget the value a VISA CARD generates by allowing purchasers to buy without the necessity of using cash. The implications of attacking VISA are negative and father reaching than meets the eye.

    Sentiment: Strong Sell

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    • It is price fixing, period. They have chosen not to allow the free market to work. They chose the retailers who must be paying more lobby money than the financials right now.

      Price fixing almost never obtains the intended results. So far it has cost the consumer more net net at banks in terms of checking fees and such. Retailers have not lowered their prices one penny to pass the debit savings along to consumers. It just padded their P&L. Durbin chose retailers and used price fixing as his weapon. Was a sad day in america once again. Price fixing is absurd especially in this industry.

      Consumers have the choice of cash. Retailers CAN charge more if they want for debit/credit now. Consumers also have a choice of credit or debit and many card providers. Mastercard, visa, discover, amex

      More interference in the free markets under the Obama tenure

 
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