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A comment on Europe's $24T Breakup with Visa and Mastercard Has Begun. Parent comment

Re:Europe's $24T Breakup with Visa and Mastercard Has Begun by loeg on Tuesday February 10, 2026 @12:35PM (#46963579)
> They are taking a percentage point or two on the entire consumer payment system.

Visa/MC make about 0.1-0.13% of each transaction, not a 1-2%. The rest of the interchange (the vast majority) goes to the issuing bank.

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Re:Europe's $24T Breakup with Visa and Mastercard Has Begun by scotty79 on Tuesday February 10, 2026 @03:57PM (#46966800)
Doesn't it depend on the country? Payments with Visa and MasterCard work very differently in various countires. In Poland you can pay 0.01€ with credit card and the seller will happily oblige. In Germany even few Euros they prefer to be paid in cash.
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Re:Europe's $24T Breakup with Visa and Mastercard Has Begun by loeg on Tuesday February 10, 2026 @08:27PM (#46969591)
That's their cut in the US, the market with the highest total interchange fees. In other markets with lower total fees, it's hard to imagine Visa/MC's cut being higher. They do a pretty useful service for a pretty reasonable fee.

Patio11 doesn't name names or give precise figures, but: https://www.bitsaboutmoney.com/archive/how-credit-cards-make...

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