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Re:Anatomy of a credit card rewards program by graemep on Thursday April 04, 2024 @04:48PM (#39935620)
I thought this was a UK govt being stupid thing. So it was the EU to blame!

Given what this article says, it sounds as though not only are cash buyers cross-subsidising card buyers, but non-rewards card buyers are cross subsidising rewards card buyers.

So much for free markets.

Re:Anatomy of a credit card rewards program by owlbite on Friday April 05, 2024 @10:52AM (#39943107)
I'm told cash is actually more troublesome for merchants than electronic means, especially as more transactions become cashless. They have to pay for keeping change, physical security, transport of takings, bank cash processing fees, etc. Given the EU/UK caps electronic interchange fees to something reasonable, it may even be card buyers are cross-subsidizing cash buyers in some businesses.