Re:Visa, Mastercard $30B swipe fee settlement rejected by US...
by lxgr on Wednesday June 26, 2024 @11:02AM
(#40800876)
It does, and it's usually free if you pay in full every month, just like in the US.
Given the interchange cap (0.3%) and current interest rates, this interestingly looks like a losing product at a first glance (the cost of capital for an average due date of 6 weeks after the purchase date is higher than 0.3%).
Given the interchange cap (0.3%) and current interest rates, this interestingly looks like a losing product at a first glance (the cost of capital for an average due date of 6 weeks after the purchase date is higher than 0.3%).