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lmz
on May 18, 2025
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Japan's IC cards are weird and wonderful
The majority of the fees go to the issuing bank (as the entity providing credit), not the card network.
AnthonyMouse
on May 18, 2025
[–]
It's the card network using their excessive leverage as a result of a lack of competition that allows the issuing bank to charge such high fees. Because if you accept Visa, you have to accept
every
Visa.
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