12.17.06

Visa is the big brother

Posted in Payment Gateway at 12:27 pm by admin

US web shoppers spent USD100 Billion last year. Credit Cards get almost all of the business. Visa is the big brother, how big is it? Well, it handles $3 trillion in purchases worldwide each year, has 1.6 billion cardholders (imagine, a quarter of world population) and 24 million locations willing to take a swipe. So, please don’t mess with it.

Marketshare percentage
Visa - 50%
MasterCard - 30%
AmEx - 15%
Discover - 4.5%
Others - 0.5%

Read more on this interesting story on Forbes - Credit Card Killer
Online shopping is only 3% of all retail sales. Gary Marino (Bill me later) knows what’s holding it back….

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