The thing is, Visa and MC are doing just fine(tm) on countries where their cut i... | Hacker News

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		nottorp 3 months ago \| parent \| context \| favorite \| on: Zenobia Pay – A mission to build an alternative to... The thing is, Visa and MC are doing just fine(tm) on countries where their cut is limited by law to less than 1%. Everything else is just pure profit, no matter who runs it.

rprend 3 months ago [–]

There are no countries which limit Visa and Mastercard’s cut. Visa’s cut is the same ~.14% in the US, Europe, and everywhere else.

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