4 ms·
The massive processing fees charged by the colluding credit card duopoly? Why aren't checks, electronic funds transfers, and electronic checks included?
by jcnnghm 16y ago
The massive processing fees charged by the colluding credit card duopoly? Why aren't checks, electronic funds transfers, and electronic checks included?
- ccamrobertson 16y agoThank's for bringing this out - it really gets to the heart of who is getting paid off and the results of lobbying in creating artificial barriers through regulation. Ostensible justification is likely along the lines that the IRS can already track credit & debit card purchases far more easily than purchase orders, checks and cash. Regardless, this would be a major boon for the credit card industry if it in fact goes forward as planned.