Merchants Publish A Look at Interchange Fees Outside the US
The Merchants Payments Coalition has published a paper titled “Swipe Fee” Reform – International Lessons that takes a look at interchange fees (so-called "swipe fees" in the group's vernacular) in several markets outside the US. The paper states that "Compared to the rest of the world, U.S. swipe fees are: more than two times the rates in the UK and New Zealand, four times the rates in Australia, and over six times the cross border rates recently agreed upon by MasterCard and the EU."
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