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You will definitely lose out on sales. However, you won't lose out on as many sales as some people say.
Though Visa may account for ~ 70% of transactions, a considerable percentage of Visa cardholders also have a Mastercard. On top of that, a majority of them will also have chequing accounts. So though you'll lose out, it won't be 70%. Probably more like 40% to 50%.
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