4 ms·

My understanding is Europe caps the interchange / card fees that credit card companies can charge merchants. I’d love to see something like this in the US; visa

• n_ary 2y ago
  > My understanding is Europe caps the interchange / card fees that credit card companies can charge merchants. Not sure, how strongly this applies. I frequently get denied(verbal denial that Amex doesn't work, use something else!) when I pull out my Amex in stores(random Tedi/Lidl/Aldi but not all), so now I usually resolve to ApplyPay(cashier don't see the card and can't ask to use some other card). If it is actually denied by the machine, I use a different one, no harm done. One particular small cafe told me, Amex charges are too high and cost them more than Giro/Visa/MC. Some places are also very adament about using a "Debit" only Visa/MC/Giro!
• annexrichmond 2y ago
  Instead of a cap, I'd like to see merchants able to add interchange fee as a line item such that paying Cash, or whatever form of payment, and effectively let the consumer opt out CC fees.
  • campl3r 2y ago
    that already frequently happens in small town stores. You may see two prices for each item (if items are labeled with prices) or just get a higher bill with an additional line item.