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While they are at it they should also go after the credit card companies. They have managed to extract a 2-3% tax on most retail transactions. There is really n
by rqtwteye 3y ago
While they are at it they should also go after the credit card companies. They have managed to extract a 2-3% tax on most retail transactions. There is really no reason why the fees should be that high in the age of electronic transactions.
- thfuran 3y agoWe should cap the fees. France has fees of something like 0.25% due to regulation.
- thereddaikon 3y agoThey also need to be required to act more in line like telco common carriers. The payment processors have too much say in what they will and wont allow to be transacted on their networks which has nothing to do with financial risk or legality.
- thfuran 3y agoAbsolutely, as loathe as I am to suggest that anything should be more like American telcos.
- jononomo 3y agoAlso, ATM fees should be capped at 1% of the money withdrawn. And I've noticed lately that I'm getting hit by two ATM fees -- one from the ATM machine, and another from my bank, which is more than twice as much as the ATM machine's fee. I end up paying $3.50 to withdraw money from an ATM.
- therealdrag0 3y agoHave you looked into a make with free ATM transactions? Ally refunds any ATM fees.