Only an Epic Games apologist would parrot this as a talking point.
Why are you trying to offend me? I didn't call you names, why are you doing that?
but ultimately it wasn’t for profits so much as it was survival.
Visa and Mastercard aren't the only available payment options in Steam. Yielding to them was for profit.
Survival? Steam has enough profit to create it's own payment processor and make it popular.