Re:From August 1: Cash transactions above NIS 6k illegal
by caeril on Tuesday July 26, 2022 @08:57AM
(#32237623)
Indeed. This is to say nothing of the absolute parasitism inherent in the "cashless" society. The Banks/Visa/MC/Stripe/Square hoovering up 2% interchange and other fees for virtually no work is absolutely ludicrous.
A 2% interchange fee made sense in 1982, when it was expensive to move bits and clear transactions. In 2022, it's pure, gluttonous parasitism.
A 2% interchange fee made sense in 1982, when it was expensive to move bits and clear transactions. In 2022, it's pure, gluttonous parasitism.