EuroCommerce Welcomes Commitments By Credit Card Operators On Fees
EuroCommerce, which represents the retail sector across Europe, has welcomed the announcement that Visa and MasterCard have committed to bringing transactions on debit and credit cards issued outside the EU in line with those of EU-issued cards.
As part of the commitment, fees on cards issued outside the EU will be capped to the same rates as cards issued within the EU (maximum 0.2% for debit, 0.3% for credit cards).
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