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0 pointsavianlyric3y ago0 comments

From the very article you link too, about three paragraphs in:

> Why then are there so few and apart offers for cashback cards that can be used in Europe?

> One explanation I’ve seen is this: they’re not so common in the EU because our debit/credit card fees are regulated and very low.

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conductr3y ago

This is the answer. In the US the business essentially funds the rewards these cards provide because they can charge whatever interchange fee that card has decided.

j / k navigate · click thread line to collapse

0 comments

conductr3y ago

This is the answer. In the US the business essentially funds the rewards these cards provide because they can charge whatever interchange fee that card has decided.

j / k navigate · click thread line to collapse