Re:Visa and Mastercard agree to lower average credit card in...
by alwayslikethis on Friday May 19, 2023 @04:38AM
(#35999337)
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[ Parent
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Re:Visa and Mastercard agree to lower average credit card in...
by withinboredom on Friday May 19, 2023 @05:00AM
(#35999456)
I believe so, but it could also vary state-to-state.
Re:Visa and Mastercard agree to lower average credit card in...
by arcticbull on Friday May 19, 2023 @05:09AM
(#35999503)
Cash discounting was blanket permitted in all 50 states under Durbin. [1] It also de facto invalidated any clause in a merchant agreement that precluded this practice.
[1] https://www.atlantafed.org/blogs/take-on-payments/2018/04/30...
Re:Visa and Mastercard agree to lower average credit card in...
by ridgered4 on Friday May 19, 2023 @08:42AM
(#36001197)
Only places I've ever seen do this are gas stations. And I've calculated the discount, I've never seen it be more than the cashback I get on gas purchases from my card. Usually, it is way less. And that is without getting into losing the time saving/convenience of paying at the pump.