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A comment on Visa, Mastercard Agree to Lower Swipe Fees, Settling Long-Running Lawsuit. Parent comment
A generous interpretation is that this is rewarding the customer for not making the merchant pay credit card fees.
A less generous interpretation is that this is to facilitate tax evasion.
The truth is probably a mix of both.
I have friends with small businesses that basically admitted to the latter.
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A generous interpretation is that this is rewarding the customer for not making the merchant pay credit card fees.
A less generous interpretation is that this is to facilitate tax evasion.
The truth is probably a mix of both.
I have friends with small businesses that basically admitted to the latter.