4 ms·
>why is there a policy of prohibiting disclosure of how the money the user pays gets distributed The same reason Visa doesn't let you let disclose to your cust
by nemothekid 6y ago
>why is there a policy of prohibiting disclosure of how the money the user pays gets distributed
The same reason Visa doesn't let you let disclose to your customers that using your credit imposes a 3% fee to the merchant. People would use alternatives if they knew
- smabie 6y agoThey would? Why? I don't care what my merchant is paying in fees. I care about what I'm paying in fees.
- ThatPlayer 6y agoYeah I don't know what he's talking about. A lot of places I've been to will give cash discounts. Or have minimum credit card orders
- mdoms 6y agoVisa and Mastercard fees are absolutely disclosed to customers, as a matter of course. In fact Australia implemented a law a couple of years ago that retailers who pass the processing fee to customers must only charge the actual fee itself and not an arbitrary "CC fee" (some retailers had been charging ridiculous fees like $5 or 15% previously). So by law these fees must be available to the public. https://www.accc.gov.au/media-release/excessive-payment-surcharge-ban https://www.accc.gov.au/media-release/excessive-payment-surc...