Why do some stores not accept certain credit cards but will accept others?
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Since it’s ELI5, imagine you’re selling oranges in front of your house but people keep showing up without cash. You’re losing out on sales so you finally decide it would make sense to accept credit cards.
What next? You’re going to have to go find someone to set up a credit card machine you. It’s going to take time and cost you money to do that. Are you going to want to do that for every possible card type? Or might you just find 1 guy who can set it up to handle visa/mastercard and decide that’s enough…
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