Re:In Urban China, Cash Is Rapidly Becoming Obsolete
by seanmcdirmid on Monday July 17, 2017 @09:05AM
(#14788086)
These are very high interchange numbers. I think it was bad like that in the past, but not today.
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Re:In Urban China, Cash Is Rapidly Becoming Obsolete
by nopzor on Monday July 17, 2017 @12:25PM
(#14789964)
interchange can be pretty high, especially for premium reward cards. what changed recently was interchange on debit cards (which used to be much higher in the US). this is why debit issuers no longer offer any real sort of "points" or cashback on debit. and why debit and cash users essentially subsidize credit card users in the US