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A comment on MasterCard to push up fees for UK purchases from EU due to Brexit. Parent comment

Re:MasterCard to push up fees for UK purchases from EU due t... by dmos62 on Tuesday January 26, 2021 @07:25AM (#25915027)
Well normally when I do online shopping price is explicitly the sum of base_product_price, shipping_choice, payment_method. So in my experience, a more expensive payment method translates to more expenses to me, the buyer.
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Re:MasterCard to push up fees for UK purchases from EU due t... by neximo64 on Tuesday January 26, 2021 @07:26AM (#25915034)
Your typical shopify store doesn't charge extra for using Amex or a different card provider (or card country).

It can only be in the shipping cost.

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Re:MasterCard to push up fees for UK purchases from EU due t... by throw14082020 on Tuesday January 26, 2021 @07:45AM (#25915188)
The additional cost is amortized over all customers.
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Re:MasterCard to push up fees for UK purchases from EU due t... by djbebs on Tuesday January 26, 2021 @07:50AM (#25915220)
So eu clients will be subsidizing uk clients...
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Re:MasterCard to push up fees for UK purchases from EU due t... by tomhoward on Tuesday January 26, 2021 @08:09AM (#25915371)
Or merchants will add a little more to their GBP prices.
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Re:MasterCard to push up fees for UK purchases from EU due t... by neximo64 on Tuesday January 26, 2021 @08:26AM (#25915496)
If you are a European store, and say you receive in EUR and charge in another currency it is highly disadvantageous to you. The payment processor usually charges a fee to convert the currency. Stripe for example charges 2% to convert (which is worse than the 1.5% interchange fee increase, and is is additive to it). You are significantly worse off in this situation.

Also if you are a British consumer simply pay in Euros, and let your card do the conversion for you - you typically get the interbank rate with most modern banks.

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Re:MasterCard to push up fees for UK purchases from EU due t... by nemetroid on Tuesday January 26, 2021 @08:28AM (#25915515)
Assuming that they have GBP prices. When I purchase from abroad, I very very rarely pay in my local currency. The payment processor or (preferably) my bank performs the currency conversion, on my end of the transaction.
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