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> The US system is far superior for consumers. Consumers are also forced to pay for it, though. The transaction fee in the US is routinely 2-3%, while in the E
by Denvercoder9 3y ago
> The US system is far superior for consumers.
Consumers are also forced to pay for it, though. The transaction fee in the US is routinely 2-3%, while in the EU it's capped at 0.3%. Because of borderline anti-competitive behaviour from VISA and Mastercard, that fee is also not charged separately to creditcard-using consumers but integrated in the price, so everyone pays for it.