Comment by hermanzegerman

1 month ago

As the other guy said you're completely deluded. Nobody "gave" us cheaper credit card fees from MasterCard or Visa. They were the result of a regulatory process.

MasterCard or Visa also aren't operating as a charity in Europe.

Before the capping of fees was introduced, their acceptance was shit at most businesses, and most bank consumers also didn't have one, as opposed to cards of the national scheme which had lower fees both for customers and merchants

8 comments

hermanzegerman

Reply
0xDEAFBEAD  1 month ago

So initially MasterCard/Visa profits in Europe are "protection money".

Then it comes out that MasterCard/Visa fees in Europe are actually far lower than in the US.

Now the Europeans are laughing at the Americans for being suckers.

This interaction basically sums up the entire EU/US relationship and the absurdity of Europe's rhetoric around it. Copy/paste this template, change a few words, and it applies pretty much everywhere.

  • hermanzegerman  1 month ago

    We don't laugh at Americans for being suckers, we feel sorry for them that they have to live with all this nonsense, and their current horrible administration.

    And we also look with horror because most of the bullshit in the US is coming to Europe with a 20 year delay