I don't think the 0.3% is the full cost, I believe it's just the interchange fee (ie. what goes to your merchant bank, not the credit card networks or issuer).
> Compared to that the 2-3% fees in the USA really seem to be very high as well.
Keep in mind that US credit cards offer 2% cash back, so the system isn't actually handing a bunch of money to middlemen.
> Compared to that the 2-3% fees in the USA really seem to be very high as well.
Keep in mind that US credit cards offer 2% cash back, so the system isn't actually handing a bunch of money to middlemen.