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Card fees are capped in EU, and I wonder if amex has any way of going around that. (0.2% debit, 0.3% credit) https://eur-lex.europa.eu/EN/legal-content/summar
by kzrdude 3y ago
Card fees are capped in EU, and I wonder if amex has any way of going around that. (0.2% debit, 0.3% credit)
https://eur-lex.europa.eu/EN/legal-content/summary/fees-for-card-based-payments.html https://eur-lex.europa.eu/EN/legal-content/summary/fees-for-...
- petemir 3y agoYes, they go around that because they are considered a “three-party scheme” https://politics.stackexchange.com/questions/48519/why-are-amex-fees-allowed-in-the-european-union https://politics.stackexchange.com/questions/48519/why-are-a... High fees are what Apple uses to offer such “great benefits” with their existing card. If they want to expand to Europe, the only cards enabling that would be Amex, or Diners (which is even less accepted I think).
- borski 3y agoDiners is accepted everywhere Discover is. It's smaller than AmEx, probably, but it's all over Korea, for example.