Apple Card Proving Costly For Retailers

The video discusses the financial burden merchants face due to high interchange fees from premium credit cards like the Apple Card and Chase Sapphire Reserve. Merchants, especially those with low profit margins like grocery stores, are pushing back against these fees. The video also explores potential legal and regulatory changes that could impact these fees, including ongoing lawsuits and possible antitrust issues. Additionally, it touches on the role of luxury rewards cards in consumer spending and the justification for higher interchange fees.

What was Kroger's stance on accepting Visa cards, and what changed?

In what ways could regulatory changes affect credit card interchange fees?