Canada should move to the Euro for international trade.
lol someone down voted you for that
Must be an American.
47% only? I thought it was much worse. But yeah if I go to my local grocery store that is 300 meters from where I live, and anything I buy we send 1-2% of the value to a company that is thousands of miles away, it makes no sense. Surely there should be a better way
I do not claim to know the big/whole picture of their business model, but to minimize your contribution to their profit I think you could pay with cash.
If you pay with cash, how do you get your kickback?
i may know a bit more since i used to work for a bank, i think you’re right on the money
Well maybe the transactions themselves aren’t ripped through USA, but since the introduction of SWIFT they get a copy of every single transaction even if you use a national debit/credit card. I’ve honestly no idea why that makes any sense.
Wie really need some european sovereignity law: If you are providing critical infrastructure like such a payment system, you need to decouple your business from geopolitical risks. If Visa and Mastercard want to provide payment solutions, they need to restructure so that no US president can sanction EU individuals or shut down everything.
Does this mean that we will also move away from using the USD as the universal exchange currency? Because so long as that stays America still has us by the balls.
