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A tax on the US citizen. In Europe, those fees are capped.
by IMTDb 5y ago
A tax on the US citizen. In Europe, those fees are capped.
- selfhoster11 5y agoCapped but still present. So a smaller tax, but still tax.
- detritus 5y agoSort of, but in the EU law came in a few years back that made it illegal to charge extra to cover CC processing fees over - say - payments by cash. This meant that companies either swallow the cost or increase prices across the board to cater for the likelihood of that item being bought by card. Now, this is great for supermarkets or companies able to get very low processing charge percentages - shitty for everyone else, including the likes of me who receive less than 5% of payments by card and thus have a higher percentage to pay. Personally, I break the law and state on my invoice that CC payments will be charged extra. shrug Quite why we can't have this clearly essential service delivered by a non-corporate entity, I don't know.
- greatgib 5y agoIn Europe, there is a project to create an European official payment processor that would be a competitor to visa, MasterCard, ... It is the EPI project.
- hulitu 5y agoWirecard just filed for bancrupcy after 1.9 Billion euros dissapeared.
- toomuchtodo 5y agoCan you not accept SEPA instant payments in lieu of CC payments?
- detritus 5y agoPerhaps if my country were still in the EU I might, but I do accept direct bank transfers, which comprise the vast bulk of my payments. Sometimes however, clients can't pay by bank transfer and need instead to pay by card.