In Austria I'm always in the situation that shops and restaurants are unhappy that I pay by card because they claim that even a direct debit card cost them some large percentage through the terminal provider.
Will these new systems remove the middle man skimming that MasterCard/Visa has been doing to small businesses?
Because customers like the cards. Not restaurants. And customer is king.
There are few businesses who do not accept it. Some hair dressers, some alternative bars, etc.
Will these new systems remove the middle man skimming that MasterCard/Visa has been doing to small businesses?