logoalt Hacker News

reddaloyesterday at 9:37 PM1 replyview on HN

I can't wait for Europe to come up with an alternative for Visa & Mastercard.

European business pay a "hidden" tax to the US on everything, in the form of Visa & Mastercard commissions.


Replies

PaulDavisThe1styesterday at 9:42 PM

Which (a) the EU can and does regulate (b) the majority of the commission goes to the issuing bank.

I hate feeling as if I'm defending Visa or Mastercard, but if we're going to attack them, let's get our storytelling correct first.

show 1 reply