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.
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.