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Written Answers — Department of Finance: Small and Medium Enterprises Supports (6 Nov 2018)

Paschal Donohoe: I propose to take Questions Nos. 201 to 203, inclusive, together. In order to make card acceptance more attractive for retailers, interchange rates were reduced in December 2015. An EU regulation reduced the interchange fee charged to retailers to 30 basis points for credit cards, and Ireland reduced the corresponding fee for domestic consumer debit cards to 10 basis points, giving us...

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