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> If there were actual competitors, their rates would be much lower... around 2-5% probably. probably not. Visa takes a bigger cut than 2% when you buy a hambu
by zemo 6y ago
> If there were actual competitors, their rates would be much lower... around 2-5% probably.
probably not. Visa takes a bigger cut than 2% when you buy a hamburger.
- KptMarchewa 6y agoThose fees are fixed at 0.2% in EU.
- jen20 6y agoDo you have a source for this?
- kevindong 6y ago> As a general rule, the Regulation will cap interchange fees at 0.2% of the transaction value for consumer debit cards and at 0.3% for consumer credit cards. https://ec.europa.eu/commission/presscorner/detail/lt/IP_15_4585 https://ec.europa.eu/commission/presscorner/detail/lt/IP_15_...