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Here in the EU, credit card transaction fees are capped at 0,3%. So no shenanigans, but cryptocurrencies would have to fall within this range as well.
by tobias3 6y ago
Here in the EU, credit card transaction fees are capped at 0,3%. So no shenanigans, but cryptocurrencies would have to fall within this range as well.
- hackissimo123 6y agoIs that the case in the whole EU? Because my AmEx gives me 1% cashback here in the UK, and that's been true since long before Brexit.
- whimsicalism 6y agohttps://www.gov.uk/government/news/credit-and-debit-card-fees-to-be-capped#:~:text=The%20Interchange%20Fee%20Regulation%20allows,credit%20and%20debit%20card%20transactions https://www.gov.uk/government/news/credit-and-debit-card-fee....
- ValentineC 6y agoNon-partner Amex's are considered "three party card schemes", and therefore not subject to the interchange caps [1]. This means that there's a chance your merchant has been paying more for each Amex payment. [1] https://curia.europa.eu/jcms/upload/docs/application/pdf/2018-02/cp180012en.pdf https://curia.europa.eu/jcms/upload/docs/application/pdf/201...
- AmericanChopper 6y ago> Here in the EU, credit card transaction fees are capped at 0,3%. So no shenanigans This isn’t true. Interchange fees are capped at that rate, but that’s only one portion of the total transactional fee charged to merchants for processing card payments.