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Retailers may be gaining an edge in fight over credit card fees

Reuters/CNA 11/22/2021

Amazon.com’s decision to stop accepting Visa as a form of payment in the UK may lead to negotiations that reduce the cost of transaction fees for retailers overall. Chris Dinga, payments analyst at GlobalData, pointed to the growth of buy now, pay later programs as a factor in why credit card companies may be more willing to negotiate on fees than they have in the past.

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