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by blamazon 1226 days ago
> Visa/Mastercard and banks just taking 1.5% of everyone's money

It should be noted that in the EU, interchange fees are limited, by law[1] to 0.2% for debit cards and 0.3% for credit cards.

It was an interesting consequence of Brexit that (certain) interchange fees shot right up to 1.5% in the UK. [2]

[1]: https://cms.law/en/bgr/publication/eu-cap-on-interchange-fee...

[2]: https://www.reuters.com/world/uk/uk-payments-watchdog-review...