The fees are insane to me. I do think it’s fine for there to be some fee, they do provide an infrastructure and keep it up to date, but current fees are just insane for what they’re providing.
I’m not aware of how payments work in Brazil, but in Denmark we’ve had a debit card that everyone uses and every store accepts. It’s completely free for consumers, and stores pay way less for Dankort transactions than for credit cards, so it’s a win-win.
Ya
Highest profit margin in the whole S&P 500? Visa/MC duopoly, like 70%!
Long read
Meanwhile Brazil has a 0% solution. Real card fees shouldn’t be 3%, should be IDK like 0.1% or something
The fees are insane to me. I do think it’s fine for there to be some fee, they do provide an infrastructure and keep it up to date, but current fees are just insane for what they’re providing.
I’m not aware of how payments work in Brazil, but in Denmark we’ve had a debit card that everyone uses and every store accepts. It’s completely free for consumers, and stores pay way less for Dankort transactions than for credit cards, so it’s a win-win.