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> no additional cost to the consumer Merchant fees are very high. > If I had transacted in cash The only difference with a debit card is a function of regula
by asdfaoeu 7y ago
> no additional cost to the consumer
Merchant fees are very high.
> If I had transacted in cash
The only difference with a debit card is a function of regulation and the network rather than actually being a credit or debit card.
- prostoalex 7y ago> Merchant fees are very high. But there were no discounts offered for paying cash.
- asdfaoeu 7y agoThe parent comments are discussing benefits the American credit system as a whole not the benefit of an individual using a credit card in America. Other countries have much lower merchant fees due to surcharges on credit transactions and/or regulation restricting merchant fees.