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It used to be that way but with all the data available to us now, managing fraud isn’t as difficult as it used to be. Definitely not to the tune of 3-4% both wa
by bitxbit 7y ago
It used to be that way but with all the data available to us now, managing fraud isn’t as difficult as it used to be. Definitely not to the tune of 3-4% both ways combined in many cases.
- pjc50 7y agoEU fees are capped at 0.2 per cent of the transaction value for debit cards and at 0.3 per cent for credit cards. Americans presumably are getting ripped off for the usual "free market" reasons. (Not counting Amex cards, which take 3% off the merchant and hand most of it back to the customer)