Re:MasterCard to push up fees for UK purchases from EU due t...
by mytailorisrich on Tuesday January 26, 2021 @07:24AM
(#25915017)
> Thus proving the caps were indeed necessary.
Hmm, the cap is necessary if the fees are abusively high and hurt businesses, consumers, and competition, not just because people prefer to pay less.
I don't see how a change from 0.3% to 1.5% proves anything, especially that this is still abiding by the cap set for non-EEA transactions: The UK is no longer in the EEA so they have decided to apply that cap instead of the intra-EEA one, as is their fair and legal right.
Hmm, the cap is necessary if the fees are abusively high and hurt businesses, consumers, and competition, not just because people prefer to pay less.
I don't see how a change from 0.3% to 1.5% proves anything, especially that this is still abiding by the cap set for non-EEA transactions: The UK is no longer in the EEA so they have decided to apply that cap instead of the intra-EEA one, as is their fair and legal right.