4 ms·
That means the company holding that credit becomes subject to financial regulation, which is complex and expensive. Plus merchants now have to integrate with ye
by jiofih 7y ago
That means the company holding that credit becomes subject to financial regulation, which is complex and expensive. Plus merchants now have to integrate with yet another middleman.
The simpler solution is: no fees for small debit transactions, once the baking system is modernized the cost of a transaction is in fact close to zero. This is already the case in Western Europe.
- buboard 7y agoNo fees doesn’t solve the onerous accounting issues. This needs some kind of mechanism and legislation that allows accounting of a small amount of money without disclosing the transacted parties
- slowenough 7y agoInteresting. I didn't know the blocker was financial regulation. Thanks for letting me know!