Visa chief: Fee on digital wallets seems 'appropriate'
Digital wallet operators, like Google, PayPal, and others, should be charged a fee for offering such a service, according to Visa CEO Charlie Scharf.
Speaking at the Barclays Emerging Payments Forum yesterday, Scharf said "it is totally appropriate" for credit card companies to charge digital wallet operators a fee on all transactions, according to Reuters, which was in attendance.
Scharf's comments come after eBay revealed in a February regulatory filing that MasterCard was planning to charge it a fee for its digital wallet service starting in June. The actual amount PayPal pays isn't expected to be … Read more