What prevents a new credit card company coming in and competing with a 2% transa...

		arcastroe on March 3, 2023 \| parent \| context \| favorite \| on: Square to no longer return processing fees when bu... What prevents a new credit card company coming in and competing with a 2% transaction fee and undercutting visa/square? Is it barrier to entry? Or would such hypothesized credit card company eventually cave to greed once they got big enough and move to 3% fees?