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How come these card companies can have such huge margins !? It's effectively a 3% tax on everything going directly to a small set of private businesses. The gov
by z3t4 9y ago
How come these card companies can have such huge margins !? It's effectively a 3% tax on everything going directly to a small set of private businesses. The government should issue a government sponsored payment alternative with free transactions, which would also solve the problem with micro-transactions.
- elvirs 9y agothats what Dodd Frank bill did. 0.5% on Debit cards
- diogenescynic 9y agoThat’s another why reason republicans and the banking cabal want to over-turn Dodd-Frank.
- loceng 9y agoIt is quite insane something as foundational to a society, to an economy, the transaction of payments, isn't provided by the government - along with fraud protection.