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A comment on Why Germans pay cash for almost everything. Parent comment

Re:Why Germans pay cash for almost everything by martinald on Wednesday August 09, 2017 @06:13AM (#14967116)
7% CC fees? Are you crazy? The EU regulated it at less than 1%.
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Re:Why Germans pay cash for almost everything by kuschku on Wednesday August 09, 2017 @08:22AM (#14967850)
The EU regulated VISA and MasterCard, and only since a year ago.

AMEX still takes 7% fees, even today, and even MasterCard and VISA could take those fees in 2015 still.

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Re:Why Germans pay cash for almost everything by martinald on Wednesday August 09, 2017 @09:53AM (#14968778)
Ok, don't accept AMEX then (that's common for a lot of shops to not accept in the UK).

It's definitely not 7% though, considering Stripe offers AMEX processing for 1.4% in the EU.

Can't see any reason not to accept MC/Visa now though.

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Re:Why Germans pay cash for almost everything by kuschku on Wednesday August 09, 2017 @11:24AM (#14970044)
> Can't see any reason not to accept MC/Visa now though.

Still 10 times higher fees than with the German card systems. If your profit margin is 1.4%, you can't afford 2.2% credit card fees. And if you increase the price, all customers go to the cheaper competitor.

German stores are in a reaaaaal close competition with these things.

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