The banks do take a hefty cut of that transaction fee, and visa/mastercard get a smaller cut. But that’s still a lot of money going to the US for no reason.
We do have Interac here in Canada which charges a few cents instead of a percent, and it’s Canadian.
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All the Canadian banks should start a joint venture for a Canadian credit card.
The banks do take a hefty cut of that transaction fee, and visa/mastercard get a smaller cut. But that’s still a lot of money going to the US for no reason.
We do have Interac here in Canada which charges a few cents instead of a percent, and it’s Canadian.