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Re:Visa, Mastercard mull increasing fees for processing tran... by Armisael16 on Friday February 15, 2019 @09:01PM (#19176523)
It is compulsory fee if merchants don't offer a cash-discount.
Re:Visa, Mastercard mull increasing fees for processing tran... by AmericanChopper on Friday February 15, 2019 @10:09PM (#19176801)
Visa doesn't collect any fees on cash transactions. This argument gets contrived pretty quickly. When you go to a restaurant, technically the cost of toilet paper is factored into your bill whether you go to the bathroom or not. If you shop online, technically the cost of rent for the retailers brick and mortar stores will be factored into the price. Transaction fees aren't a tax, they're the price paid for consuming a service.