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The idea of a rebate puzzles me. I'd rather pay less up front. A rebate gives me the idea something sleazy is going on.
by gpvos 10y ago
The idea of a rebate puzzles me. I'd rather pay less up front. A rebate gives me the idea something sleazy is going on.
- rizwank 10y agoHidden externality. Retailers eat the cost in order to get the customers. Cc processors earn the cost. Banks, in order to get customers, pass some of the dough back to consumers in marketing and rewards. So it's somewhat fairer now than it was ten years ago with similar fees but less rewards. But an economist would say that optimal would be to massively reduce fees and take away rewards.