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this post was submitted on 04 Aug 2025
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Are credit card fees really 4-7% in the US? In the EU also Visa and MasterCard are really popular but fees are capped at 0.3%.
https://eur-lex.europa.eu/EN/legal-content/summary/fees-for-card-based-payments.html
I’ve never seen 7%, but yeah, after everyone gets their cut the US is around 3% at the end of the day to process credit cards. We even have gas stations here that have separate advertised rates for credit vs cash.
I've owned and operated a few US service businesses and Visa/MC were 1-3%. Discover was 2-3%. AmEx was 3-6%.