2 ms·
Any breakdown for what incumbent banks, payments platforms and remittance organizations have spent to maintain existing dominance of these industries? Every ti
by nailer 2y ago
Any breakdown for what incumbent banks, payments platforms and remittance organizations have spent to maintain existing dominance of these industries?
Every time you purchased something with a card, you give the card provider 2% of the price. There's a lot of interest in maintaining that.
- FabHK 2y agoOnly in some jurisdictions. Wikipedia: > In the United States, the fee averages approximately 2% of transaction value.[2] In the EU, interchange fees are capped to 0.3% of the transaction for credit cards and to 0.2% for debit cards, while there is no cap for corporate cards.