alt Hacker NewsThis is very surprising because the proposed rates would equal or be higher than regulated interchange for Visa and Mastercard in Europe.
Replies
smallmancontrov • yesterday at 10:53 PM
I thought the regulated interchange rates for Visa and Mastercard in Europe were tiny (compared to the US).
In reality it’s closer to 0.5-1% in Europe since banks apply their own fees on top of the regulated interchange rate.