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I mean, there is also a free market in the UK, yet Faster Payments Service transaction cost a fraction of what wire transfers cost in America, so what's the dif
by DrJokepu 11y ago
I mean, there is also a free market in the UK, yet Faster Payments Service transaction cost a fraction of what wire transfers cost in America, so what's the difference?
- pjc50 11y agoTo explain the joke, the US system is cartelised, while the UK one is under a bit more political and regulatory pressure to treat customers fairly. (Not that we haven't had a problem with BS fees or the payment protection insurance scandal!)