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Wow, that's interesting, I'm a big fan of card payments because tap to pay is super convenient (most places in Prague have card readers) but what annoys me is
by RivieraKid 10y ago
Wow, that's interesting, I'm a big fan of card payments because tap to pay is super convenient (most places in Prague have card readers) but what annoys me is the Visa / MasterCard duopoly. Because this means that a fraction of every payment goes to an American company - it's not a competetive market so they have a sizeable profit margin. It's cool that you have a local alternative, I wish we had that too or at least more than 2 competitors to push profits down, so that card payments don't leak money out of the economy.
- fpoling 10y agoThere is still a problem as shops do not pass savings from using a local payment system to the customer. As some banks started to offer cash-back cards that return up to 1% of payments back, as a customer I have more insensitive to use cache-back credit card than a local one.