3 ms·
Visa charges a 5-10 cent fixed fee plus a percentage for those 1 Euro transactions. Presumably public transport just eats those costs, but in a commodity busine
by matthewdgreen 3y ago
Visa charges a 5-10 cent fixed fee plus a percentage for those 1 Euro transactions. Presumably public transport just eats those costs, but in a commodity business like electricity I imagine it’s a noticeable chunk of the profit margin.
- ffgjgf1 3y ago1 cent fixed fee + percentage seems to be the standard where I am. It might be difficult in other EU countries but IIRC the fixed fee is capped at 5cents.
- Symbiote 3y agoThe only public information I can find is this, which is from 2013 in London: Visa credit 0.65%, debit 1 pence. Mastercard credit 0.80%, debit 1 pence + 0.5%. https://www.whatdotheyknow.com/request/costs_to_tfl_for_contactless_pay https://www.whatdotheyknow.com/request/costs_to_tfl_for_cont...