Re:Transaction Costs and Tethers: Why I’m a Crypto Skeptic
by whb07 on Tuesday July 31, 2018 @06:07PM
(#17657694)
Lol what. There’s a gas station near my house that has a sign on the pump “cash $2.30/g, credit card: $2.45/g”. Consumers always are passed the cost because it’s they are the ones holding the purse.
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Re:Transaction Costs and Tethers: Why I’m a Crypto Skeptic
by pbreit on Tuesday July 31, 2018 @06:13PM
(#17657736)
A decent amount of cash-only and cash-preferred is tax avoidance.
Cash pricing at gas stations is pretty rare in my experience and somewhat violates the merchant's credit card processing agreement.
Re:Transaction Costs and Tethers: Why I’m a Crypto Skeptic
by mabbo on Tuesday July 31, 2018 @06:22PM
(#17657806)
Most credit card company contracts explicitly say stores can't do that. I'll bet if a visa rep drove by and took a photo, that gas station wouldn't be taking credit cards at all a week later.