Re:Can the Visa-Mastercard duopoly be broken?
by jjav on Thursday August 18, 2022 @03:38PM
(#32513943)
> > And most credit cards give you cash back so it's actually cheaper.
> Do you really think that banks and card networks work for free?
They certainly don't work for free, I addressed that above.
The credit card fees the merchant has to pay are bundled in the price of each item, so you can't escape them. By using a cash back card you can recover some of it, so you're leaving money on the table if you pay by any mechanism other than a cash back card.
A few gas stations around here offer a discounted cash price. In those, I'll pay cash.
> Do you really think that banks and card networks work for free?
They certainly don't work for free, I addressed that above.
The credit card fees the merchant has to pay are bundled in the price of each item, so you can't escape them. By using a cash back card you can recover some of it, so you're leaving money on the table if you pay by any mechanism other than a cash back card.
A few gas stations around here offer a discounted cash price. In those, I'll pay cash.