Consumers are also forced to pay for it, though. The transaction fee in the US is routinely 2-3%, while in the EU it's capped at 0.3%. Because of borderline anti-competitive behaviour from VISA and Mastercard, that fee is also not charged separately to creditcard-using consumers but integrated in the price, so everyone pays for it.
Consumers are also forced to pay for it, though. The transaction fee in the US is routinely 2-3%, while in the EU it's capped at 0.3%. Because of borderline anti-competitive behaviour from VISA and Mastercard, that fee is also not charged separately to creditcard-using consumers but integrated in the price, so everyone pays for it.