Reply to post: Re: Extinct in ten years?

50th anniversary of the ATM opens debate about mobile payments

ridley

Re: Extinct in ten years?

2.5% Transaction fees has a huge impact on low margin businesses, say PC components.

Remember the 2.5% is on the transaction cost ie inc VAT so in effect you have to allow for a 3% loss in gross margin for plastic transactions.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Biting the hand that feeds IT © 1998–2021