Visa & Mastercard: The hidden giants controlling global commerce 💳 🌐

Visa & Mastercard: The hidden giants controlling global commerce 💳 🌐

I mean, what’s your profit margin, Mr. Kpatrick? It’s circa 50%. Mr. Shiby, slightly higher. It’s higher than 50%. Slightly higher than Mastercard. Yes. Yeah. Why is it that small businesses continue to use Visa and Mastercard when they’re getting you’re getting charged so much more? In my opinion, it’s a matter of convenience for the customer. Um, and customers matter to our business. Maybe. Is it because that uh Visa and Mastercard are effectively monopolies? They control 80% of the market. Certainly part of it. 80% of the market. I I’m just having a hard time understanding, Mr. Shidi and Mr. Kurpatre, you have a business model. You’re making over 50% profit margin. You are able to give the shaft to small businesses. Estimated cost to Missouri businesses from these fees is $1.5 billion. That’s with a B billion dollar a year. A year. Why aren’t all of these businesses running away from this model? Because they don’t have a choice because you control so much of the market. The DOJ lawsuit says that you threaten retailers with staggering financial penalties. That’s a quote. Staggering financial penalties if they use a competitor and you’re paying Apple and Square and others not to compete in your market. You’ve got 80% market share and you are paying off would be competitors not to come into the market while you charge people like Mr. Callahan who knows how much more than big entities like Walmart. This is just classic collusive monopoly behavior.

Visa & Mastercard: The hidden giants controlling global commerce 💳 🌐

Two corporations silently orchestrate almost every transaction you complete. Visa and Mastercard have constructed a financial duopoly so entrenched, so woven into the fabric of global commerce, that escaping their reach is nearly impossible.​

Their infrastructure links billions of payment cards, millions of retailers, and thousands of financial institutions spanning the globe. This is an empire forged from networks—not tangible goods.​

Here’s the tension.

Detractors argue this concentration of power carries hidden costs: restrictive partnerships that shut out rivals, transaction fees that continue rising, and towering entry barriers that prevent new players from challenging the status quo.​

The consequence? Innovation potentially suppressed, and limited alternatives for merchants and everyday consumers.​

Global regulators are now paying attention. Antitrust scrutiny is intensifying. Critical questions are being raised.​

The reality:

Two private enterprises control the fundamental infrastructure that moves money across borders and continents.​

So does this represent the earned dominance of companies that built exceptional infrastructure—or an unchallenged monopoly operating in the open? 👇

Credits: Senator Josh Hawley & CNBC

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