News for hackers. Stuff that matters.
Re:VISA offers restaurants $10,000 to stop accepting cash by mrep on Saturday July 15, 2017 @02:44AM (#14775334)
businesses do not generally* offer discounts to customers that pay in cash so consumers use the high return cards that also cost businesses the most in fees. Aka, it's the current inefficient market standard.

*business that have lots of small transactions often charge extra for credit card purchases below a certain amount and big purchases will also charge extra since the marginal/absolute cost is a lot.

There are no comments on this comment yet.