3 ms·

I don't want rewards. I want the transaction being done as low as possible.

• tracker1 10y ago
  But that won't lower prices... as it stands, even if rewards programs were eliminated today, and fees were capped as in europe, the prices of goods would not go down.
  • grahamburger 10y ago
    I'll bet they would. Especially online. Online retailers (esp small ones) are paying ~2.5-3% in credit card fees, and compete heavily on price. I run a small online store - if my credit card fees suddenly dropped by 2% the first thing I would do is drop all my prices accordingly.
    • tracker1 10y ago
      The vast majority of pricing I see online is $##.99, not $##.74, etc...
      • usrusr 10y ago
        Rounding to stupid numbers (.99) works just like rounding to reasonable numbers: there are some inputs where a sub-granularity change would push the result over the threshold and others where it would not. But your observation gave me an entirely unrelated idea: could a merchant, online or not, use deliberately random "##.74 instead of ##.99" prices to give the impression of really tight margins, even when they are actually wide?