3 ms·
True, but it is a LITTLE suspicious that they all charge exactly the same amount despite competition in the space.
by rqebmm 12y ago
True, but it is a LITTLE suspicious that they all charge exactly the same amount despite competition in the space.
- msherry 12y agoThey can only go so low. Here's a pdf of Visa's interchange rates: http://usa.visa.com/download/merchants/visa-usa-interchange-reimbursement-fees-april2013.pdf http://usa.visa.com/download/merchants/visa-usa-interchange-... . (Mastercard is similar, and Amex is even more expensive.) It's 10 dense pages of tables, but it essentially sets a lower bound on the pricing you can get from one of the companies discussed in the article. Everyone would love to see the card networks lower (and simplify) their fees, but that's not what's being railed against in the article.
- mtmail 12y agoThe European Commission is planning to cap (VISA, Mastercard etc) card fees to 0.2% of the transaction. http://www.businessweek.com/news/2014-10-31/eu-bid-to-limit-card-fees-poised-to-win-nations-backing http://www.businessweek.com/news/2014-10-31/eu-bid-to-limit-...