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0 pointsthrowaway677433y ago0 comments

Correct, merchants do not charge interchange, banks/networks do, and its dumb because it increases the costs of doing business in the EU (which as I said, makes it more insular)

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hocuspocus3y ago

How does lowering fees increase the cost of doing business exactly?

The only businesses suffering from the cap are issuing banks.

throwaway67743OP3y ago

Fees are not the only cost of business, compliance is too - and things like if you want to enjoy lower intra-EU costs then you need to be in the EU which is an added cost as a non-EU business, etc - it's not as simple as "fees more eu bad"

hocuspocus3y ago

That's true pretty much everywhere on Earth.

Some countries smaller than the EU bloc have more complex regulations regarding online payments.

The EU managed to cut fees in half for its population and businesses, if you want to stay outside then why do you care?

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hocuspocus3y ago

How does lowering fees increase the cost of doing business exactly?

The only businesses suffering from the cap are issuing banks.

throwaway67743OP3y ago

hocuspocus3y ago

That's true pretty much everywhere on Earth.

Some countries smaller than the EU bloc have more complex regulations regarding online payments.

The EU managed to cut fees in half for its population and businesses, if you want to stay outside then why do you care?

1 more reply

j / k navigate · click thread line to collapse