[KK7NIL]

> Why would you let America take 2-3% of your transaction volumes?

I don't think VISA/Mastercard takes such a fee? (They'd be some of the biggest companies in the world if they did.)

The fees they charge are actually fractions of a percent, the rest are charged by the card issuer, which is usually your bank.

You could, in theory, use the VISA network and not pay those fees to a card issuer.

[surgical_fire]

Still greater than 0.

There's absolutely no reason for a country to outsource paynent infrastructure to US corporations.

[cyberax]

> You could, in theory, use the VISA network and not pay those fees to a card issuer.

You can not. The only way is to have a private agreement with the card issuer. That's why stores all try to push their co-branded cards.