Comment on Every payment option has a fee
phar@lemmy.world 1 week ago
I hope this BS leads to competition with Visa/MC. The fees they charge are ridiculous. Then you’re paying for stripe or whatever on top. A govt run system that’s not for profit would be awesome.
UnderpantsWeevil@lemmy.world 1 week ago
We did have something resembling competition, maybe a decade or so ago, with the emergence of Venmo and Cashapp and Zelle - basically just digital front-ends for e-checks between bank accounts. They all hit major stumbling blocks, in no small part thanks to how Visa/AMEX/MC conspired to freeze them out.
Capitalism abhors competition.