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A comment on To Cover China, There’s No Substitute for WeChat. Parent comment

Re:To Cover China, There’s No Substitute for WeChat by paulie_a on Friday January 18, 2019 @09:08PM (#18944848)
And transaction fees
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Re:To Cover China, There’s No Substitute for WeChat by seanmcdirmid on Saturday January 19, 2019 @12:03AM (#18945430)
Are they really worried about the CC fee on $15 drink?
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Re:To Cover China, There’s No Substitute for WeChat by paulie_a on Saturday January 19, 2019 @04:23AM (#18946144)
Yes absolutely, if they care about profit margins.
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Re:To Cover China, There’s No Substitute for WeChat by seanmcdirmid on Saturday January 19, 2019 @06:49AM (#18946537)
But not if they cared about sales volume. That is just really dumb for an expensive impulse buy like alcohol. Even McDonalds can afford to take CCs these days.
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Re:To Cover China, There’s No Substitute for WeChat by paulie_a on Saturday January 19, 2019 @11:50PM (#18951192)
That's not how cc fees works. McDonald's does such volume they pay a lot less. A nice restaurant selling those more expensive drinks does a lot less volume. So they pay more. and in the restaurant business margins like that matter. Upwards of 6.5 percent is a decent margin to lose.
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