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Pretty evil! I imagine the card companies have an explicit rule that, in order to accept their cards, a merchant can't charge their users any extra fee? I wonde
by HeyImAlex 7y ago
Pretty evil! I imagine the card companies have an explicit rule that, in order to accept their cards, a merchant can't charge their users any extra fee? I wonder if some regulation were created that bans rules like that from existence whether this would change tomorrow.
Kroger stopped supporting Visa cards for a minute and I realized that's literally all I carry.
- ubercow13 7y agoThe opposite law already exists in the EU - merchants aren't allowed to charge users extra for card purchases
- disiplus 7y agothe intent was to dissalow discrimination cash vs card. i know eu likes that electric payments, it a lot easier to track. but what with the fees from card a vs card b.
- londons_explore 7y agoThe EU sets limits on card interchange fees. Suddenly all "reward cards" lost most of their rewards...
- ceejayoz 7y agoGood. They’re a regressive wealth transfer from the poor to the well off.
- loeg 7y ago> I imagine the card companies have an explicit rule that, in order to accept their cards, a merchant can't charge their users any extra fee? In the US, this was the subject of a recent class-action suit! https://www.paymentcardsettlement.com/en https://www.paymentcardsettlement.com/en