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Girocard is cheaper than anything that could be used in the UK. I don't know the UK situation in detail but I would be surprised if there are merchants paying l
by germanier 10y ago
Girocard is cheaper than anything that could be used in the UK. I don't know the UK situation in detail but I would be surprised if there are merchants paying less than 0.3% for some transactions which already is double of what the large German stores do.
- thesimon 10y agoThe interchange which is what the bank gets and which they use to pay Apple. For Maestro/MasterCard Debit/VPay/Visa Debit that's 0.2% in the whole EU (UK & DE included). The girocard scheme negotiates the fees with the merchants and it's around 0.15% - 0.2%. At least for the banks, it's not a big difference.