• FreeLunch@feddit.de
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    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
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      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.