Why doesn’t Costco allow Mastercard as a payment method?
Because they have an exclusive deal with Citi Bank to issue Costco Visa cards at a very low fee Because it is VISA they are required to accept all Visa cards.
Does Costco not accept Mastercard?
In short, Costco only accepts cards that operate on the Visa credit card network. More expansively, Costco has an exclusive contract with Visa that prohibits the use of any other credit card networks, including Mastercard, Discover, and American Express.
Does Costco accept Mastercard debit cards?
Will other credit cards — such as from American Express, Discover or MasterCard — work at Costco? That said, you do not need to use the Costco-branded Visa card. Other Visa cards will be accepted. You can also still pay with cash, checks, debit cards, Electronic Benefit Transfer (EBT) and Costco Cash Cards.
Why does Costco not accept Visa?
The warehouse club agreed to accept only Visa cards, and in exchange, the credit company lowered Costco’s merchant fee to a negligible less than 0.4 percent. By trimming its own costs, Costco can keep prices lower for its members.
What places dont accept Mastercard?
Mastercard is not accepted at retail chains such as Costco that have an exclusive agreement with another card network. Mastercard credit cards also can’t be used to pay a credit card bill, but no credit cards can be used for that.