← Back to context Comment by zipy124 18 hours ago Aren't debit transactions capped at 0.2% in the EU and credit 0.3%? 3 comments zipy124 Reply throwaway473825 12 hours ago No, those are caps on the interchange fees paid to the issuing bank. Card transactions have other fees as well. zipy124 2 hours ago That is true yes. The interchange fees tend to be the largest component though. The ECB reports that the average transaction cost of debit is 0.44% [1][1]: https://www.ecb.europa.eu/euro/digital_euro/timeline/profuse... KellyCriterion 17 hours ago in the EU, yes, but not in India with UPI ;-)
throwaway473825 12 hours ago No, those are caps on the interchange fees paid to the issuing bank. Card transactions have other fees as well. zipy124 2 hours ago That is true yes. The interchange fees tend to be the largest component though. The ECB reports that the average transaction cost of debit is 0.44% [1][1]: https://www.ecb.europa.eu/euro/digital_euro/timeline/profuse...
zipy124 2 hours ago That is true yes. The interchange fees tend to be the largest component though. The ECB reports that the average transaction cost of debit is 0.44% [1][1]: https://www.ecb.europa.eu/euro/digital_euro/timeline/profuse...
No, those are caps on the interchange fees paid to the issuing bank. Card transactions have other fees as well.
That is true yes. The interchange fees tend to be the largest component though. The ECB reports that the average transaction cost of debit is 0.44% [1]
[1]: https://www.ecb.europa.eu/euro/digital_euro/timeline/profuse...
in the EU, yes, but not in India with UPI ;-)