back to article EU marks Visa's cards for anti-trust probe

The European Commission is opening formal antitrust proceedings against Visa Europe Limited in connection to how much it charges for cross-border transactions. Visa International was investigated by the Commission over multilateral interchange fees(MIF) in 2002 and exempted when Visa offered to reduce fees from 1.1 per cent to 0 …

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Oh, *visa*

I read that as *vista* the first two times. Chance would be a fine thing.

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Anonymous Coward

hmm

European Commision should just f--- off. Besides the charges are ---- all when compared to SWIFT bank charges.

A: Swift is SLOW

B: Swift is EXPENSIVE, don't use it unless you're transfering thousands of pounds.

C: Swift give all your details to the septics.

I think that more attention should be paid to the fact that the cash machine outside the trainstation that charges £1.75 per transaction.

Also evidently the EC can't count 1% is in no way paying twice, it is infact paying one and one hundredth. But this is Europe we're talking about.

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The UK's Office of Fair Trading

"The UK's Office of Fair Trading made similar complaints against credit card companies in 2005..."

Q:OK, where are we now, 2008, and what happened about that 'complaint' then?

A:Nothing.

Office of Fair Trading big on taking green grocers to court for dodgy scales.

Roll over for real miscreants (Banks, Telcos etc.)

Useless.

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Anonymous Coward

@Ac - paying twice

It is in fact paying twice, once for the good/service and once for the card transaction.

Once + once = twice

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