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EU alredy regulated interchange fees for cards to 0.2% for debit cards and 0.3% for credit cards: https://ec.europa.eu/commission/presscorner/detail/lt/IP_15_4
by zajio1am 6y ago
EU alredy regulated interchange fees for cards to 0.2% for debit cards and 0.3% for credit cards:
https://ec.europa.eu/commission/presscorner/detail/lt/IP_15_4585 https://ec.europa.eu/commission/presscorner/detail/lt/IP_15_...
- Twixes 6y agoYep, its great because I never feel bad about paying for tiny things by card. I remember how before this regulation the card companies were extracting so much profit (with a minimum fee) that it was often expensive for a convenience store to accept cards. Some had lower bounds of what you could pay by card, to keep the fees at a manageable level. Now it's not a problem, contactless payments are everywhere and for everything due to slim fees. The only downside is that credit card rewards are modest compared to the US