LevelUp shucks the status quo, drops credit card fees

At last, someone got it right! This is the only way mobile payment providers can challenge the established credit card system. The real keyplayers who can push for a paradigm shift with consumers are the merchants, and they will not move until they get an incentive as big as scrapping the interchange fee all together.

Hopefully other mobile pay providers will follow suit and join LevelUp in bringing down the entire interchange fee scheme!

via Mobile pay provider LevelUp shucks the status quo, drops credit card fees | VentureBeat.

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This entry was posted in competition policy, credit cards, interchange fees, merchants, Mobile payments. Bookmark the permalink.

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