Comment by knallfrosch
2 years ago
Just ask your parliament to limit the fee? It's 0.3% for credit cards and 0.2% for debit cards in the European Union:
https://www.consilium.europa.eu/en/press/press-releases/2015...
2 years ago
Just ask your parliament to limit the fee? It's 0.3% for credit cards and 0.2% for debit cards in the European Union:
https://www.consilium.europa.eu/en/press/press-releases/2015...
They already started trying. The Credit Card Competition Act was introduced last year [1]. It doesn't explicitly limit interchange fees though. Instead it allows merchants to choose the payment network that payments go through which legislators hope would create a race to the bottom.
[1] https://www.congress.gov/bill/118th-congress/senate-bill/183...