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It feels to me like we're moving away from cards back to cash in the last decade: - Gas stations offering cash discounts - Stores requiring minimum purchases
by bowlich 8y ago
It feels to me like we're moving away from cards back to cash in the last decade:
- Gas stations offering cash discounts
- Stores requiring minimum purchases for cards
- Restaurants adding a service fee to use a card
I don't think I every came upon these three items a decade ago, and now they seem standard.
- bena 8y agoBefore they were structured as "convenience fees". You could buy with a card, but they'd charge a small fee that was either a percentage of the total or a flat rate. Minimum purchase amounts were way more common when debit cards were becoming a thing. Basically, you'll find these things mostly in poorer places nowadays where even the store/restaurant owners are struggling and those card fees add up.