>> "The EU has dreamt up these changes completely oblivious to how a business operates............ "
>>
>> I agree with all of that; I always understood that a fee charged for credit
>> card use was there to recompense the payee for the charges made by the credit
>> card company.
Except of course they add a charge above that charged by the credit card company.
What everyone seems to be missing is that we should be looking at the level of the merchant fees charged. Handling cash and cheques is much more expensive for the bank than electronic payments, which at the end of the day is all a payment card is.
Last edited by: Zero on Sat 27 Jan 18 at 11:17
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