This is very surprising because the proposed rates would equal or be higher than regulated interchange for Visa and Mastercard in Europe.
This is very surprising because the proposed rates would equal or be higher than regulated interchange for Visa and Mastercard in Europe.
In reality it’s closer to 0.5-1% in Europe since banks apply their own fees on top of the regulated interchange rate.
I thought the regulated interchange rates for Visa and Mastercard in Europe were tiny (compared to the US).