2 ms·
You shouldn't be forced to subsidize anything. That's the whole point. At a minimum: the government should recognize the market power imbalance between card pro
by matthewdgreen 6y ago
You shouldn't be forced to subsidize anything. That's the whole point. At a minimum: the government should recognize the market power imbalance between card processors and small businesses, and ensure that the stores can set their own prices appropriately. If cash or debit is genuinely more expensive, let stores reflect that fact in their prices offered to consumers -- rather than prohibiting it via a contract they can't say "no" to.
- wolf550e 6y agoThe government can make a law that says credit card merchant agreements cannot prevent a shop from making cash prices lower than credit card prices. Then shops will have two prices cash price and credit card price. Then people will use cash more, and the government will lose some of the information they get from reading everyone's credit card transactions. Do you think this affects the government's decision? Or are politicians simply bribed by visa/mastercard?