Japan is living in the future that the 1990s dreamed of. - eviltoast
  • Azzu@lemm.ee
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    1 year ago

    The cost of a bank account has nothing to do with fees for electronic cash. Fees for electronic cash are collected per each transaction and are paid by the business you buy from. These huge fees are why businesses are slow to adopt electronic cash in Germany, they see no reason to pay 1%+ of their revenue to Mastercard or Visa or whatever.

    • ASeriesOfPoorChoices@lemmy.world
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      1 year ago

      You… are not an adult, are you?

      Mastercard and VISA are not banks and don’t offer bank accounts.

      Bank accounts are free. Transfers to and between banks are free.

      That 1% fee you’re talking about is a processing fee from the credit card companies, which are separate financial institutions acting as middlemen to the banks.

      There is no need to use their services. You can just transfer bank to bank for free, with free bank accounts. No MasterCard or VISA involved at all.