• GalacticHero@lemmy.world
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    1 year ago

    Adding to this for more context, in America, credit card fees on merchants are like 3-5% of the transaction. That’s why some places have started to pass them to consumers, especially in low-margin businesses like restaurants and movie theaters. If your margins are around 5% and Visa is taking 3.95%, that’s not super sustainable. Card network fees tend to be much lower in Europe. I’m not sure about elsewhere.