News for hackers. Stuff that matters.

A comment on Why Restaurants Are So Fucked. Parent comment

Re:Why Restaurants Are So Fucked by distances on Saturday May 02, 2020 @04:15AM (#23050258)
> at least 5% of every transaction

In EU 0.3% or 0.2% depending on card type: https://www.reuters.com/article/us-eu-payments-cards-idUSKBN...

[ Parent | on HN ]
Re:Why Restaurants Are So Fucked by Symbiote on Saturday May 02, 2020 @06:06AM (#23050702)
The company supplying and supporting the card machine adds a fee, so it's more like 1-2%.
[ Parent | on HN ]
Re:Why Restaurants Are So Fucked by imrelaxed on Saturday May 02, 2020 @05:58AM (#23050665)
You can easily get sub 2% in the US if you shop around and have ok volume. Just as much exaggeration in this thread as in the article.
[ Parent | on HN ]