dafman:
michaelmurfy: There are several reasons and no, not money related.
- Apple Pay + GoMoney Wallet.
- Making it simpler for the consumer - there was 2 of most cards and now there is 1.
- Due to the brand, Visa is accepted in more places.
- Contactless ATM's.
There are other reasons too but it is not at all money related.
Maybe in some small food stand in the foothills of Mongolia, but is there anywhere in the developed world where Mastercard is not accepted, but Visa is?
I ask because I use Mastercard - regularly, and have for many years - and have never struck an instance where Mastercard is a no go, but Visa is.
Sometimes there seem to be funny regional things that go on with credit cards where you might find one card doesnt work on a foreign website - dont know if they geo-block cards. But having a Mastercard and a Visa - if one wouldnt work the other usually would.