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A comment on Spotify and Google Announce User Choice Billing. Parent comment

Re:Spotify and Google Announce User Choice Billing by lotsofpulp on Wednesday March 23, 2022 @08:04PM (#30785105)
It is 2% to 3% in the US due to the copious rewards programs which result in minimum 2% cash back for credit card users.
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Re:Spotify and Google Announce User Choice Billing by Sesse__ on Thursday March 24, 2022 @03:34AM (#30787158)
But those are paid for by your bank (by charging high interest rates on the percentage of people who don't pay right away), not by MC/VISA.
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Re:Spotify and Google Announce User Choice Billing by lotsofpulp on Thursday March 24, 2022 @07:02AM (#30788256)
The banks must be getting a piece of that because MC/Visa collect more depending on the rewards tier the card is in (Infinite/Signature/World and whatever other names they have).

Also, MC/Visa charge basically nothing for debit cards, and they do not take on any of the chargeback/default risk of credit cards, so I assume the rest of the fees are for the rewards for the most part. Which is why Discover/Amex fees are similar too.

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