Mitch Goldstone
Mitch Goldstone
banks business canada great greedy half less opposed problem raised rates though thriving
We're not opposed to a cost-based interchange. The problem is the banks got greedy and raised the rates just to make more money. If interchange was actually cost-based, it would effectively disappear. In Australia, the interchange rate is less than half a percent. And Canada is a great example: Business is thriving even though the interchange rate is zero.