3 ms·
I wonder if this is a negotiation tactic to get special reduced rates, or if this is the beginning of a deeper experiment, in which grocers (who run on notoriou
by ethanpil 8y ago
I wonder if this is a negotiation tactic to get special reduced rates, or if this is the beginning of a deeper experiment, in which grocers (who run on notoriously low margins) are trying to save 2% per almost every transaction.
Supposedly, millennials and later generations are very cash adverse, and these interchange fees are adding up to m(b?)illions for these huge companies...
- tracker1 8y agoConsidering Debit cards still work, I'd expect that a lot of people would just do that. I can't speak for anyone else, but the main reason I use my CC is for the rewards (1-5% depending on location and promotions) and pay it off regularly. If I can't use it at a location, I'll just switch to my debit card. A bigger example of CC lock in is Costco which used to be American Express only, switched to Visa only last year.