> Visa/Mastercard and banks just taking 1.5% of everyone's money It should be noted that in the EU, interchange fees are limited, by law[1] to 0.2% for debit c

> Visa/Mastercard and banks just taking 1.5% of everyone's money It should be noted that in the EU, interchange fees are limited, by law[1] to 0.2% for debit cards and 0.3% for credit cards. It was an interesting consequence of Brexit that (certain) interchange fees shot right up to 1.5% in the UK. [2] [1]: https://cms.law/en/bgr/publication/eu-cap-on-interchange-fees-for-card-based-payments201 https://cms.law/en/bgr/publication/eu-cap-on-interchange-fee... [2]: https://www.reuters.com/world/uk/uk-payments-watchdog-review-visa-mastercard-fees-2022-06-21/ https://www.reuters.com/world/uk/uk-payments-watchdog-review...