Your Minimum Viable Product is Processing Credit Cards

Re:Your Minimum Viable Product is Processing Credit Cards by clauretano on Wednesday January 09, 2013 @04:04PM (#5033500)

Unfortunately, those same studies (you're referencing a Dun & Bradstreet study with that 18%) show that debit cards with a VISA/MasterCard logo on them increase spending just as much. It's all about the lack of transparency, i.e. it hurts less to pay with plastic.

I can't find an actual link to that study, unfortunately, but here's an article based on the info in that DNB study: http://seekingalpha.com/article/20333-guide-to-credit-cards-...

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Re:Your Minimum Viable Product is Processing Credit Cards by clarky07 on Thursday January 10, 2013 @12:41AM (#5035667)

That is unfortunate, but I never said you should use debit instead. Though if I remember correctly the study suggest that debit spends more than cash, but less than credit.

FWIW I use a debit card most of the time because it is much more convenient than cash with the knowledge that I am spending more than I otherwise would.

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Re:Your Minimum Viable Product is Processing Credit Cards by manveru on Wednesday January 09, 2013 @07:35PM (#5034528)

Nice. I always withdraw at a bank and pay cash anyway, this being rural Germany, there's not a whole lot of places that take a credit card.

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