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The additional cost is amortized over all customers.
by throw14082020 6y ago
The additional cost is amortized over all customers.
- djbebs 6y agoSo eu clients will be subsidizing uk clients...
- tomhoward 6y agoOr merchants will add a little more to their GBP prices.
- neximo64 6y agoIf you are a European store, and say you receive in EUR and charge in another currency it is highly disadvantageous to you. The payment processor usually charges a fee to convert the currency. Stripe for example charges 2% to convert (which is worse than the 1.5% interchange fee increase, and is is additive to it). You are significantly worse off in this situation. Also if you are a British consumer simply pay in Euros, and let your card do the conversion for you - you typically get the interbank rate with most modern banks.
- nemetroid 6y agoAssuming that they have GBP prices. When I purchase from abroad, I very very rarely pay in my local currency. The payment processor or (preferably) my bank performs the currency conversion, on my end of the transaction.