And yet interchange rates in Europe are capped at around 0.2%. 2% is still a lot... | Hacker News

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dhdhhdd on April 30, 2021 | parent | context | favorite | on: EU says Apple’s App Store breaks competition rules...

And yet interchange rates in Europe are capped at around 0.2%. 2% is still a lot of money.

ocdtrekkie on April 30, 2021 [–]

It does stack up, but if the cost was too high, many businesses wouldn't work with the credit processors. Amex is an example of this. There's payment options that avoid this retailers could incentivize.

And Apple and Google charge 15 times that because there's no way around them.

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