Merchants that except Visa or MasterCard pay the issuers of the card a percentage of the transaction for example for each 100 charged on Visa cards a merchant might receive only 98 explain why Visa/MasterCard charge the fee and why the merchant pays it When you apply for a loan you are required to answer a lot of questions why why is the set of questions you must answer standardized Socialist are you that to reduce the power exerted by the owners of capital the state you control the allocation of resources and a market-based capital system financial markets do that job which approach do you think works better and why we let your aunts to the core principle that market determine prices and allocate resources Why has the global financial system become more integrated overtime what is the downside to this