Visa and Mastercard do actually charge 30% if you don't pay within 30 days or so... | Hacker News

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		mediocrejoker on March 15, 2019 \| parent \| context \| favorite \| on: Addressing Spotify’s Claims Visa and Mastercard do actually charge 30% if you don't pay within 30 days or so. Why is that not equally laughable? Is it because they provide a service in exchange for that 30%, a service that many people are willing to pay 30% for?

kelnos on March 15, 2019 [–]

I'm talking about the merchant fees, not the interest rate for cardholders. The cardholder interest rate is not at all analogous to Apple's revenue share.

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