3 ms·
> Fees are about 3% If you're paying 3% you're getting ripped off. There is no reason you should be paying more than 1%. In the EU interchange is 0.3% for cred
by needusername 9y ago
> Fees are about 3%
If you're paying 3% you're getting ripped off. There is no reason you should be paying more than 1%. In the EU interchange is 0.3% for credit and the scheme fee is less than that.
Maybe if you're doing an unauthorised, interdomain transaction with an imprinter in a brothel then 3% is reasonable.
[1] http://europa.eu/rapid/press-release_MEMO-16-2162_en.htm http://europa.eu/rapid/press-release_MEMO-16-2162_en.htm