Davriellelouna@lemmy.world to Australia@aussie.zoneEnglish · 16 days agoCard payment surcharges should be banned for debit and credit payments, RBA sayswww.theguardian.comexternal-linkmessage-square10fedilinkarrow-up176arrow-down10
arrow-up176arrow-down1external-linkCard payment surcharges should be banned for debit and credit payments, RBA sayswww.theguardian.comDavriellelouna@lemmy.world to Australia@aussie.zoneEnglish · 16 days agomessage-square10fedilink
minus-squarebeeng@discuss.tchncs.delinkfedilinkEnglisharrow-up1·16 days agoLeast with debit (not CC) you don’t pay fees to credit card companies. Crypto networks are doing it for microcents, for massive volumes and amounts, see Robinhood on Ethereum in Europe. The percentage that gets passed onto users is thanks to MasterCard and visa…
minus-squareDimand@aussie.zonelinkfedilinkEnglisharrow-up2·16 days agoI have seen plenty of places here charging a percentage rate for debit card use, as recently as last week. Not saying they should but it happens. Who ends up benefiting from all the cash skimming I’m not sure, but chances are they are already filthy rich.
Least with debit (not CC) you don’t pay fees to credit card companies.
Crypto networks are doing it for microcents, for massive volumes and amounts, see Robinhood on Ethereum in Europe.
The percentage that gets passed onto users is thanks to MasterCard and visa…
I have seen plenty of places here charging a percentage rate for debit card use, as recently as last week. Not saying they should but it happens.
Who ends up benefiting from all the cash skimming I’m not sure, but chances are they are already filthy rich.