I would like to show you the national payment system in Norway, BankAxept[0]. It's used in 8/10 purchases in physical stores. The system verifies the card has a sufficient balance before the transaction is verified, and charges the account instantly on purchase.
The subscription to the network is 150 NOK/month, with each transaction costing 0,21 NOK each, before volume rebates. 1 EUR/USD is worth roughly 10 NOK at the time of writing, so about 15/0,021 for the subscription/transaction cost. I don't know much about VISA and MasterCard costs, but I would hazard a guess they're higher.
I think the only time I ever use VISA is when purchasing things online, and even then I'm not quite sure it's always VISA. Fun fact, BankAxept stopped accepting the magnetic strip in 2011. Now chip & pin or NFC are the two main ways of paying, with NFC transactions under 500 NOK not requiring the PIN to be entered, except periodically for verification.
The subscription to the network is 150 NOK/month, with each transaction costing 0,21 NOK each, before volume rebates. 1 EUR/USD is worth roughly 10 NOK at the time of writing, so about 15/0,021 for the subscription/transaction cost. I don't know much about VISA and MasterCard costs, but I would hazard a guess they're higher.
I think the only time I ever use VISA is when purchasing things online, and even then I'm not quite sure it's always VISA. Fun fact, BankAxept stopped accepting the magnetic strip in 2011. Now chip & pin or NFC are the two main ways of paying, with NFC transactions under 500 NOK not requiring the PIN to be entered, except periodically for verification.
[0]:https://en.wikipedia.org/wiki/BankAxept