It's interesting that we live in 2026 and people still don't understand the fees of credit card processing.

Visa charges only a Assessment fee the majority goes to Issuer Bank +PSP.

E.g: Interchange fee (0.8-1.8%): Paid by acquirer to issuer (card-holding bank)

Assessment fee (0.1-0.3%): Paid to card network (Visa, Mastercard)

Acquirer margin (0.3-0.8%): Retained by merchant’s payment processor

> Why would you let America take 2-3% of your transaction volumes?

I don't think VISA/Mastercard takes such a fee? (They'd be some of the biggest companies in the world if they did.)

The fees they charge are actually fractions of a percent, the rest are charged by the card issuer, which is usually your bank.

You could, in theory, use the VISA network and not pay those fees to a card issuer.

> Every country should have this

Many countries do, it's really more common than you might think. The problem is international payments and things like tourism. Want to order something from another country? Want to go there for a week and not have to use cash? In most cases it's either Visa or MasterCard.

I misunderstood, psd2 is Europe's equivalent.

And yes, every country should have this. Even America

> Why would you let America take 2-3% of your transaction volumes?

And spy on every single transaction

Exactly and if you think 2-3% is a small number you should keep in mind that that is effectively half of what the market returns over the long-term at 7%.

It made sense back in the 1970s when it was hard for an American to pay for a hotel room in Manilla.

But in 2026 data moves in a micro second from one continent to another.