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Not because they are better at fraud detection, but because US issuers levy much higher fees from their customers across the board and so can eat more fraud-rel
by Tuna-Fish 6y ago
Not because they are better at fraud detection, but because US issuers levy much higher fees from their customers across the board and so can eat more fraud-related losses.
- afurculita 6y agoYep. In US the interchange fee is more than 2% of the transaction. In the EU, interchange fees are capped to 0.3% of the transaction for credit cards and to 0.2% for debit cards. That's why in US they have those cash back options on credit cards, that are just not possible in Europe.