We love to blame banks for high fees, but the truth is, compliance isn’t free.
Banks and payment providers charge fees because they’re the ones making sure transactions are legal, fraud is prevented, and taxes are accounted for.
Without them, businesses wouldn’t be better off—they’d just be competing with those who avoid the rules, cheat the system, and undercut honest merchants.
Instead of pointing fingers, businesses need to understand the system, negotiate better deals, and structure their payments properly—because without the right knowledge, they’ll always be the ones getting ripped off.
Read the full article here: https://www.linkedin.com/pulse/big-bad-banks-myth-whos-really-blame-viktoria-soltesz-hamqf/