Europe Caps Payment Fees at 0.2% Undermining Bitcoin’s Appeal

By March 26, 2015Bitcoin Business

The European Parliament has passed a deal to cap the fees at 0.2% that banks charge retailers to process payments in a move that could undermine one of bitcoin’s main competitive advantages in the EU. EU-wide rules end opaque card fees

The new cap on payment processing, which was passed by 621 votes to 26 with 29 abstentions, will apply to both cross border and domestic payments will result in lower costs for card […]

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