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That's because credit card interchange fees are much lower in France than they are in the US. Does the French government cap interchange fees? https://www.mast
by smnrchrds 6y ago
That's because credit card interchange fees are much lower in France than they are in the US. Does the French government cap interchange fees?
https://www.mastercard.co.uk/content/dam/mccom/en-gb/interchange/documents/France.pdf https://www.mastercard.co.uk/content/dam/mccom/en-gb/interch...
https://www.mastercard.us/content/dam/public/mastercardcom/na/us/en/documents/merchant-rates-2019-2020-oct-2019.pdf https://www.mastercard.us/content/dam/public/mastercardcom/n...
- thomasmarcelis 6y agoThere is a cap set by the EU since 2015 https://www.adyen.com/blog/all-you-need-to-know-about-the-eu-interchange-cap https://www.adyen.com/blog/all-you-need-to-know-about-the-eu...
- smnrchrds 6y agoEverything makes sense now. 0.3% is an order of magnitude lower than the fees paid by US merchants.