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Convenience implies a reduction in cost. These businesses are doing well and their customers are happy. What do you think is happening? How are consumers getti

Convenience implies a reduction in cost. These businesses are doing well and their customers are happy. What do you think is happening? How are consumers getting screwed?

xg15 6y ago
> Convenience implies a reduction in cost. No, why would it? Convenience and cost are two completely separate things.
- nickff 6y ago
  Cost is not purely monetary (price); transaction costs also factor in convenience, risk, and other factors.
  - xg15 6y ago
    I'm pretty sure GP was talking about monetary cost. This is moving the goalposts.
    - AnimalMuppet 6y ago
      Disagree. Consider the phrase "time is money". That is, if Stripe costs more money, but saves me time, and I can do other things with my time, and some of those things make me money, then... is Stripe actually more expensive? This is especially relevant if "I" am a small business rather than an individual. Then the person whose time is saved can do something else with the time that can make money for the business. Or the business can run with fewer people, which saves money.