[mytailorisrich]

Payments between the UK and the EU will become more expensive and however we look at it this will be bad for both UK consumers and UK businesses.

For example, in the UK Stripe charges one fee for European cards and another fee for non-European cards. I suppose this reflects the underlying costs. Because of this move by Mastercard I can see Stripe and others change this soonish with the lower fee applying only to UK cards (for customers based in the UK). And then we'll also have to see if the government keeps the cap for domestic transactions or decide to "cut red tape" and remove all restrictions.