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Re:Visa, Mastercard Agree to Lower Swipe Fees, Settling Long... by smileysteve on Tuesday March 26, 2024 @12:34PM (#39829815)
Insurers (and Robbers, Safe Companies, Employees graft, Banks)

If you had as much cash in the till as required to do business in the 90s; or took checks; or had employees that had to do regular bank runs; to insure against the loss via employees, robbers, etc it would cost a significant amount of each transaction to insure that, especially the liabilities of it.

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