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by msherry 4183 days ago
They can only go so low. Here's a pdf of Visa's interchange rates: http://usa.visa.com/download/merchants/visa-usa-interchange-... . (Mastercard is similar, and Amex is even more expensive.)

It's 10 dense pages of tables, but it essentially sets a lower bound on the pricing you can get from one of the companies discussed in the article. Everyone would love to see the card networks lower (and simplify) their fees, but that's not what's being railed against in the article.

1 comments

The European Commission is planning to cap (VISA, Mastercard etc) card fees to 0.2% of the transaction.

http://www.businessweek.com/news/2014-10-31/eu-bid-to-limit-...