3 ms·

At the end of the day someone has to pay the interchange fees.

• Cu3PO42 6y ago
  Sure, but not necessarily the ridiculously high ones. You could just cap them to a reasonably low percentage. In the EU it's 0.3% on credit cards and 0.2% on debit cards. Edit: This is also reflected in Stripe's pricing. They charge EU customers 1.4%+25ct on EU cards and honestly you can go lower. Adyen does Interchange++ and 10ct, which if you're not a big customer probably works out to around 1%+10ct.
  • danielmarkbruce 6y ago
    "you could just cap them" = (legislation could be enacted which capped them || banks could agree to reduce them). Neither is especially likely at this point in the US.
    • Cu3PO42 6y ago
      I agree banks have very little incentive. I was thinking of legislation, even if the US is unlikely to enact it. I just wanted to point out it's not an inherently unsolvable problem.