No, that’s the card fee. At point of sale you usually choose which side does the currency exchange (you choose on the terminal if you want to pay in home or local currency)

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Wow, so that's even worse. Then you can only avoid this fee using ATM cards or cash.

Very few people pay the fee, most people pay with a debit card or cash.

People trying to get air miles, cashback or similar have to pay the cost of that.

Visa electron/maestro are they debit cards now? Back in the day they were only for ATMs and very few businesses.

Don't most people have the normal visa/mc debit cards there?

Yup. Visa Electron and Maestro are quite normal debit cards. I have one of those as well. Apart from renting cars you can pay for just about anything with it. Maestro has an ATM withdrawal fee even when you use it in the emitting bank's ATMs, which is a reason why I avoid it like the plague.

> Back in the day they were only for ATMs and very few businesses.

That was pretty much specific to German-speaking countries (or at least they were the only one, where I noticed that). Elsewhere, there was no such thing as ATM-only card (or even ATM-only PIN).

> Visa electron/maestro

Don't even exist in many places anymore. e.g. in the EU country where I live both were replaced ~8 or so years ago by Visa/Mastercard Debit (since they removed embossed characters the only way to distinguish them is the word 'debit' written in a tiny font.

Maestro is literally starting to wind down this year, supposedly they've decided to switch everyone towards Debit Mastercard products.

I assume there's gradually less and less appeal for a card that isn't as broadly accepted, and if it encourages more fee generation, all's the better.

Curious what the justification is for 0.9375% (very precise number), given the report 0.3% interchange fee cap in EU noted in this thread? The vendor can charge you more than it costs them to accept the card?

I'm not sure. I don't have a personal credit card to check.

I know there are extra fees for business/corporate credit cards, and these are specifically excluded from the EU cap. (The cap was for consumer protection, so business transactions aren't regulated.)

Foreign (non-EU) fees are also not part of the EU cap, as there's no way to control those.

It could be poor wording on the sticker, or it might be including the other fees. The 0.3% is just Visa/MasterCard's fee, there's also the fee from the card processor — HN is familiar with Stripe, but there are many companies offering this.