Re:Stripe Terminal – Programmable point of sale
by jjeaff on Monday September 17, 2018 @10:13PM
(#18011875)
Not to mention the fact that people like me who get 2% cash back or points worth as much as 5-10% are going to want to keep using their same cards.
Re:Stripe Terminal – Programmable point of sale
by BillinghamJ on Monday September 17, 2018 @11:32PM
(#18012253)
This went away in the EU already. Interchange is capped at 0.3% (0.2% for debit), so there’s no way to provide rewards for cardholders.
Sure it’s sad that we no longer get air miles etc. But the reality is that we never should have in the first place - was a symptom of a nonsensical system.
Some sibling comments echo that this is underway in Europe. In America, the credit part of "credit card" is relevant. Many purchases on CC's here are intended as short-term (or longer) loans. (Something like 40% of American credit card holders carry a balance.) Direct debit from a bank account does not (and cannot) fulfill this use case.