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I’m using ChatGPT 4 You keep talking about interchange fees That’s one part of the equation

• coder543 3y ago
  https://www.clearlypayments.com/blog/interchange-fees-by-country/ https://www.clearlypayments.com/blog/interchange-fees-by-cou... "If your business wants to accept credit cards, you’ll need to pay a fee. Interchange makes up the bulk of that cost which merchants pay, roughly 75% it." It makes sense that people are focusing on the interchange fees. I have not found a single source that indicates European merchants have fees that are comparable in scale to their North American counterparts. If you want to make that argument, you should find an actual source. > Do North American consumers/merchants pay less in processing fees overall than European/Asian counterparts or is it roughly 1-3% all over the world? The answer seems to be the opposite. North American merchants pay more.