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The US market also has a lot higher margins to absorb any fraud - they have higher fees (since fees are capped to 0.2-0.3% in EU) and historically have had high
by kalleboo 4y ago
The US market also has a lot higher margins to absorb any fraud - they have higher fees (since fees are capped to 0.2-0.3% in EU) and historically have had higher credit utilization. So they decided that "friction" costs more than fraud.