FlyerTalk Forums - View Single Post - Touchless Credit Card Now Replaces Chip & PIN in Europe??
Old Jun 14, 2023 | 11:47 am
  #42  
docbert
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Originally Posted by tmiw
Maybe, but stores in the US (especially smaller ones) seemingly dislike cards more than in a lot of Europe these days judging by the surcharging thread on FT.
That's because the EU has passed legislation that limits the maximum fees that credit card companies can charge to 0.3%, whilst in the US it can be 10x (or even more) as much. At 0.3%, the overhead of accepting cash is almost always going to cost more than accepting credit card. At 3% that's frequently not going to be the case.
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