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They will pay next to nothing in merchant fees to Visa which means their bottom line will show major positive numbers next year.
What's your thoughts on the deal with Visa going forward?
http://seekingalpha.com/article/3081796-costco-continues-to-be-the-next-wal-mart
Or ... Why Amex gave Costco the boot:
http://ficoforums.myfico.com/t5/Credit-in-the-News/Why-American-Express-Gave-Costco-the-Boot/td-p/38...
Costco is becoming the next Walmart.
Meaning I will soon stop shopping at Costco also.
As Warren Buffett said, Citi and Visa won't get rich off of this.
