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They were forced by the EU, they capped the fees
by the-dude 10y ago
They were forced by the EU, they capped the fees
- kyriakos 10y agoWhere did you hear about this?
- thesimon 10y agoEU Regulation 2015/751 (http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2015.123.01.0001.01.ENG&toc=OJ:L:2015:123:FULL http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:O...) Consumer Debit Interchange: 0.2% Consumer Credit Interchange: 0.3% If they didn't lower their rates, they would've been pretty unattractive for a lot of customers. (And still their rates remain quite high if you are mainly selling B2C)