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I would love for an EU law that prohibits sellers from swallowing the cost of transaction fees or marketplace cuts. Imagine the app store having to specify the
by andsens 5y ago
I would love for an EU law that prohibits sellers from swallowing the cost of transaction fees or marketplace cuts.
Imagine the app store having to specify the additional cost a user has to pay for a monthly subscription or a customer balking at the 4%-6% surcharge they have to pay because they want to collect their AmEx points or want to pay with their built-in iPhone ApplePay feature.
Those leeches of the financial industry would disappear very quickly.
- graphenus 5y agoI would love that too. I remember that there was an opposite movement, i.e., all prices need to have all fees included, which is fare but prevents competition. Exposing credit card fees upfront to customers is the only way to promote real competition between credit cards and their networks.