| ▲ | blitzar 6 days ago | |
> cheaper payments ... Zenobia Pay charges 1%. 5x higher than they would be allowed to charge in the EU. > accept pay-by-bank I am reminded of tech bros inventing the bus in 2025 | ||
| ▲ | rprend 6 days ago | parent | next [-] | |
Where do you get 5X? European interchange is regulated to .3-.4%, the network fees are the same as the US (.1-.2%) and then the payment service provider takes their fee. Online card processing in the EU costs around 1%. | ||
| ▲ | scotty79 6 days ago | parent | prev [-] | |
They make sense on US market but I had a chuckle when they mentioned European brands giving them cold shoulder. This problem is solved in Europe through legislative action. | ||