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0 pointslxgr5mo ago0 comments

One big difference is that there's competition between cash handling providers, while there's essentially zero wiggle room for interchange fees.

That's what makes interchange and network fees so much more problematic than acquiring fees. There's very healthy competition between credit card acquirers and payment service providers on both features and price, but in the end, you have to accept whatever card your customer has or there won't be a transaction.

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renhanxue5mo ago

In the EU the authorities have recognized the power of the card networks and introduced price controls on interchange fees in 2015, capping them at 0.2% for debit cards and 0.3% for credit cards.

j / k navigate · click thread line to collapse

0 pointslxgr5mo ago0 comments

One big difference is that there's competition between cash handling providers, while there's essentially zero wiggle room for interchange fees.

0 comments

renhanxue5mo ago

In the EU the authorities have recognized the power of the card networks and introduced price controls on interchange fees in 2015, capping them at 0.2% for debit cards and 0.3% for credit cards.

j / k navigate · click thread line to collapse