Re:Why Germans pay cash for almost everything
by germanier on Tuesday August 08, 2017 @06:20PM
(#14963476)
Where can I get those magical 30€/0.125% fees? Girocard is cheap (though less than an order of magnitude compared to CC) but I'm not aware of an offer that cheap, especially for low volume.
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Re:Why Germans pay cash for almost everything
by kuschku on Tuesday August 08, 2017 @06:36PM
(#14963609)
Those were the prices offered by EC (the original EC back in the day, before MasterCard bought it: https://de.wikipedia.org/wiki/Electronic_Cash) back when a local business wanted to start supporting EC, and made an inquiry to several payment processors.
I'm not sure about values today, but they don't seem to be much higher if you exclude costs for the actual readers and the connection.
Currently I seem to find for low volume situations only contracts from iZettle and co for 0.95% fees.
EDIT: Just found this Verordnung setting the maximum fee for EC at 0.2%: http://eur-lex.europa.eu/legal-content/DE/TXT/PDF/?uri=CELEX...
> das Interbankenentgelt, das Zahlungsdienstleister bei Debitkartentransaktionen pro Zahlungsvorgang bieten oder verlangen dürfen, beträgt höchstens 0,2 % des Transaktionswerts.