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by Someone
1439 days ago
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The honest answer probably would be “Now that you left the EU, we thought ‘let’s see what we can get away with now’”. https://en.wikipedia.org/wiki/Interchange_fee#European_Union: “In March 2015, the European Parliament voted to cap interchange fees to 0.3% for credit cards and to 0.2% for debit cards, which was subsequently enacted under Regulation (EU) 2015/751 with effect from 8 June 2015. The caps apply only to personal cards where there is an intermediary, not to cards issued to businesses or to cards issued by American Express.” |
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Why not work to fix the market instead? Or nationalise it, since there's really nothing for intermediaries to compete on any more.