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A comment on Visa is planning the biggest changes to merchant fees in a decade. Parent comment

Re:Visa is planning the biggest changes to merchant fees in ... by nabla9 on Saturday February 08, 2020 @09:07AM (#22275752)
So why are middle men taking a cut in the US that other countries don't have?

Why electronic payment costs money in the US? That's the cheapest way to pay and process payments. In Finland that cost's nothing and it's the default for paying large bills and payments.

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Re:Visa is planning the biggest changes to merchant fees in ... by rsynnott on Saturday February 08, 2020 @10:23AM (#22276171)
Because the EU told the banks not to charge for transfers, essentially. It will be interesting to see what happens in the UK once they truly leave.
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Re:Visa is planning the biggest changes to merchant fees in ... by dickeytk on Saturday February 08, 2020 @09:09AM (#22275771)
the fees for credit cards are like a tenth in the EU vs US. It's not free though.

EDIT: "for credit cards"

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Re:Visa is planning the biggest changes to merchant fees in ... by 9nGQluzmnq3M on Saturday February 08, 2020 @09:14AM (#22275791)
Nope, since 2017 the law has been that bank transfers anywhere within the EU are free.

https://brussels-express.eu/bank-transfers-will-immediate-fr...

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Re:Visa is planning the biggest changes to merchant fees in ... by nulbyte on Saturday February 08, 2020 @10:35AM (#22276241)
This doesn't sound like it covers credit card interchange. Does it?
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