Re:Chase to become new issuer of Apple Card
by lxgr on Friday January 09, 2026 @04:54AM
(#46552008)
Even as somebody really disliking the current interchange fees in the US, 4% is a money grab on the merchant's side that I find hard to empathize with.
Even if the merchant pays the sticker price for card acceptance, it's usually just below 3%, unless international cards are involved. Add to that the fact that cash transactions in restaurants are often accounted for in "more tax efficient ways", and it feels even more icky.
Even if the merchant pays the sticker price for card acceptance, it's usually just below 3%, unless international cards are involved. Add to that the fact that cash transactions in restaurants are often accounted for in "more tax efficient ways", and it feels even more icky.