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When you pay by card in a Norwegian store, you probably use a card that supports BankAxept (since 1991). In that case the payment will be made through the banks
by qw 4y ago
When you pay by card in a Norwegian store, you probably use a card that supports BankAxept (since 1991). In that case the payment will be made through the banks, instead of through Visa. 3 of 4 payments go through BankAxept.
Cards issued by banks will often combine BankAxept and Visa/MC on the same card, so that users don't need a separate Visa card. The terminal will switch to BankAxept if available automatically. This is done transparently, so there are no issues with using it as a Visa card outside Norway.
- kzrdude 4y agoAs a Swede, why don't we have this, it's a good solution for customers and merchants.
- qw 4y agoThere are still some fees involved of course, but they are much lower and typically a fixed price. One article I read says that BankAxept is cheaper than Visa for transactions over 30 NOK (~3 USD), but the information may be out of date.
- kzrdude 4y agoI realize that what we have in the EU is some regulation to put caps on the fees. It's better than it used to be. https://eur-lex.europa.eu/EN/legal-content/summary/fees-for-card-based-payments.html https://eur-lex.europa.eu/EN/legal-content/summary/fees-for-...