[Regorium]

Originally Posted by FlameOn

So... I took a look at VISA's rates in Europe and compared them to Canada, why is the rate so high here? It's nearly 5 times higher here than the UK. Why is Canada not pushing for lower general rates across all companies?

http://www.visa.ca/en/aboutcan/media...es-current.pdf
https://www.visaeurope.com/media/ima...5-73-17806.pdf

I think one part is that people use credit cards a lot more in Canada, and will actually make consumer decisions based on what credit cards are accepted.

In Europe, I found that cash is used on a much wider scale, so VISA has to reduce their fees to get merchants to look at them.

I know I will actively avoid places that place any restrictions on credit cards (no credit cards under $30, doesn't accept credit cards etc.), and that forces the merchant to make a choice. The choice is a lot easier in Europe where the vast majority of people won't do that.