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> Does anyone know the advantages of only accepting Swish and no card? It may be cheaper for the merchant, though I'm not aware what the card fees are. It's al

by KomoD 3y ago

> Does anyone know the advantages of only accepting Swish and no card? It may be cheaper for the merchant, though I'm not aware what the card fees are. It's also just easier to do than accepting cards (especially if you are a small company, or just don't have an "actual" company at all) It's also instant, which I don't think card payments are.

CogitoCogito 3y ago
Yeah it makes me wonder about the relative cost/hassle of having Swish versus regular cards. With cash they could maybe avoid paying some taxes, but I don’t see how Swish gets them out of that.
mvip 3y ago
It’s largely because of cost. A credit/debit card will cost the merchant ~1-4%, whereas Swish is essentially free. It’s also important to point out that Swish is a collaboration between the major Swedish banks.
- KomoD 3y ago
  > whereas Swish is essentially free. It's free for individuals, companies pay per transaction (somewhere like 1.50 to 2.50 SEK depending on the bank, and usually a fee for the phone number)
  - mvip 3y ago
    Right, which is essentially free compared to CC :)