Heh. Great catch by credit slips. George Mason University, whose Mercatus Center hosted the recent panel about interchange I was on as well as the research of Todd Zywicki about interchange, research that found that “Merchants’ efforts to cabin these [interchange] fees would harm not only consumers but also the merchants themselves”, is no longer accepting Visa cards for tuition because the interchange is too high.
To repeat, George Mason University is no longer accepting Visa cards for tuition because the interchange is too high.
GMU rejects credit cards because of high interchange; more interchange; net redistribution upwards. | FavStocks