> Visa and Mastercard get a 2% cut of any transaction. They don't. In the EU, the intercharge fees is capped at 0.3%. Even in the US they only keep a fraction

> Visa and Mastercard get a 2% cut of any transaction. They don't. In the EU, the intercharge fees is capped at 0.3%. Even in the US they only keep a fraction of the fees, the rest goes to card issuers.