Visa credit card swipe fees in the US are 10x higher than in Europe. I guess we are paying the price for requent card data breaches.
"Credit card swipe fees in the U.S. are up to 4 percent of the transaction value, while the new Visa rate in the EU will be 0.3 percent.These sky-high swipe fees mean higher prices on virtually everything in the U.S., even if you pay by cash or check. If U.S. credit card swipe fees were the same as the EU rates, Americans would save $40 billion annually."
"Credit card swipe fees in the U.S. are up to 4 percent of the transaction value, while the new Visa rate in the EU will be 0.3 percent.These sky-high swipe fees mean higher prices on virtually everything in the U.S., even if you pay by cash or check. If U.S. credit card swipe fees were the same as the EU rates, Americans would save $40 billion annually."
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