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In the US, maybe. EU Regulation caps interchange fees at 0.2% of the transaction value for consumer debit cards and at 0.3% for consumer credit cards, although
by closewith 4y ago
In the US, maybe. EU Regulation caps interchange fees at 0.2% of the transaction value for consumer debit cards and at 0.3% for consumer credit cards, although most member States have set lower fee caps.
It's always more expensive to handle cash here. Business plans usually estimate the total cash handling cost to be 2.5%, compared to 1% for cars payments.
- goosedragons 4y agoThe world is bigger than the US and the EU. The poster I replied to also mentioned 1-5% transaction fees which kinda suggests they weren't talking about the EU...
- closewith 4y agoTrue, but Ryanair is an EU-based airline (and obviously Berlin is in the EU).