3 ms·

You're mixing up total cost of processing the card (which is what Stripe and other gateways charge) with the Visa/MC rent. https://ec.europa.eu/commission/pres

by pas 3y ago

You're mixing up total cost of processing the card (which is what Stripe and other gateways charge) with the Visa/MC rent. https://ec.europa.eu/commission/presscorner/detail/fr/MEMO_16_2162 https://ec.europa.eu/commission/presscorner/detail/fr/MEMO_1... "Therefore, the Regulation caps interchange fees for consumer debit cards to 0.2 % and consumer credit cards to 0.3 % of the value of the transaction."

lxgr 3y ago
The (now called) interchange fees go to the card issuing banks, not the card networks. Both network/scheme fees and processor fees come on top of that.