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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 de
by 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 agoI 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.