Re:Brazil central bank to launch Pix installment feature in ...
by closewith on Friday July 25, 2025 @08:47AM
(#44682527)
> Switzerland has interchange fees of 0.4% for consumer credit cards
Only since Wednesday of this week due to COMCO action, so no-one knows if cashback will persist, but it will be a lot less than .33%.
> And let's not forget that cash acceptance costs an order of magnitude more than this anyway;
In the EU, it's .5% for cash vs .3% for cards, but the situation falls back into favour for cash once fraud is accounted for.
And let's not forget that cash acceptance costs an order of magnitude more than this anyway; if anything businesses should charge surcharges for accepting cash, not the other way around, and given the social constraint of no surcharges, cashback is a fair mechanism to reward efficient payment methods.