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.
Symbiote|2 years ago
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.