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Here's a case in Canada: https://www.ctvnews.ca/mobile/business/merchants-may-soon-ask-customers-to-pay-surcharge-when-using-credit-cards-1.3459584 https://www.

by graeme 9y ago

Here's a case in Canada: https://www.ctvnews.ca/mobile/business/merchants-may-soon-ask-customers-to-pay-surcharge-when-using-credit-cards-1.3459584 https://www.ctvnews.ca/mobile/business/merchants-may-soon-as... Badically, credit card processing agreements prohibited fees. But as a matter of public interest a lawsuit was brought and fees were allowed. This is still quite recent so we haven't seen any effects. "Just a cost of doing business" is the point. Europe saves 2% annually compared to our system. A 2% private tax is very large.

dumbfounder 9y ago
And, because they don't spend money they don't have, they spend less. But less spending means shrinkage in the economy (or so I'm told), but means poor people are less poor. And it means that rich people are less rich (that interest that poor people pay doesn't go to other poor people). Today I realized that credit card companies are the root of all evil. Save us, Bitcoin!