79
submitted 1 year ago by sv1sjp@lemmy.world to c/europe@feddit.de
you are viewing a single comment's thread
view the rest of the comments
[-] FreeLunch@feddit.de 1 points 1 year ago

But aren’t the current fees some nickel per transaction, e. g., if you pay with a credit card? Why are the fees so high currently? I do not think that the banks have such a high margin.

[-] Tar_alcaran@lemmy.world 1 points 1 year ago

Credit cards are expensive, because their security measures can be circumvented by a moderately good photograph of one. You're paying for all the fraud getting compensated.

But a regular (first-party) bank transfer has no such overhead.

this post was submitted on 08 Aug 2023
79 points (100.0% liked)

Europe

8332 readers
1 users here now

News/Interesting Stories/Beautiful Pictures from Europe 🇪🇺

(Current banner: Thunder mountain, Germany, 🇩🇪 ) Feel free to post submissions for banner pictures

Rules

(This list is obviously incomplete, but it will get expanded when necessary)

  1. Be nice to each other (e.g. No direct insults against each other);
  2. No racism, antisemitism, dehumanisation of minorities or glorification of National Socialism allowed;
  3. No posts linking to mis-information funded by foreign states or billionaires.

Also check out !yurop@lemm.ee

founded 1 year ago
MODERATORS