This is how Visa works
This incident is not surprising. On a bigger picture, the whole system of plastic cards and bank transactions is archaic. As is their elitist attitude. It feels alien to me to experience in 2012 when cloud operations are so ubiquitous and cost effective.<p>How can one justify a fee of 50 euros for a 700 euros transaction except than greed? It's as if my actual banknotes are being transported, then in principle it takes a single press of a key.<p>It is also ironic how big social networks persuade us to disclose all we can about our private lives, while the banking system remains a secret society with black magic operations and fees formation.<p>I really look forward to the guys like Dwolla to disrupt the hell out of them. Time to move on.