Mastercard caught red-handed of artificially raising fees

The European Commission has imposed a €570m fine ($648.4m) on Mastercard after it was found to be keeping lower fees inaccessible from merchants for cross-border payments. In a statement, Commissioner Margrethe Vestager said that Mastercard’s move was “harming consumers and retailers in the EU.” This scandal only shows the need to cut the middleman involved in payment processing and start using a direct, low-fee payment system like Bitcoin SV for your business.
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CalvinAyreNews
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24th January 2019
CalvinAyre Newsletter
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INVITE FRIENDS
Mastercard fined €570M by EU for artificially raising fees
This is why we have Bitcoin SV

The Story

The European Commission has imposed a €570m fine ($648.4m) on Mastercard after it was found to be keeping lower fees inaccessible from merchants for cross-border payments. In a statement, Commissioner Margrethe Vestager said that Mastercard’s move was “harming consumers and retailers in the EU.” This scandal only shows the need to cut the middleman involved in payment processing and start using a direct, low-fee payment system like Bitcoin SV for your business.

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SHOUT OUT
Congratulations to Itai Pazner for being appointed as the new Chief Executive Officer of 888! Pazner previously served as Chief Operating Officer and will be replacing Itai Frieberger.
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