> does a business have an option not to do business with Visa?
Absolutely. There's Discover, Mastercard, Google Pay, Apple Wallet, crypto, checks, and good old-fashioned cash.
Absolutely. There's Discover, Mastercard, Google Pay, Apple Wallet, crypto, checks, and good old-fashioned cash.
But that's not the issue being contested because there are hundreds of payment gateway processors available.
If a customer walks into your store and has exactly one (type of) card on them that they want to use to pay, you have a choice of accepting that card or losing their business.
This makes competition between payment methods at the POS structurally very hard.