4 ms·
Maybe the businesses in your country improve their conversion rates ever so slightly because of said convenience? We spend time and money to optimize for far si
by vnorilo 7y ago
Maybe the businesses in your country improve their conversion rates ever so slightly because of said convenience? We spend time and money to optimize for far sillier things in our funnels.
I do not claim to know the aggregate effects, but I would guess it is not as simple as convenience vs. sovereignity.
- petre 7y agoNot really. Visa and the banks do take a cut. But there is Revolut now if you want to give them the middle finger. They will be forced to adapt and offer similar services or at least non-ripoff exchange rates. I always prefer a free market solution to an EU buceaucratic solution. Such as EU mandated zero transaction fees in order to convert the bulk of the transactions to cashless, be able to track them and "prevent money laundering", which of course isn't true (eg. Danske bank scandal).