More specifically, yes, I get it, customers pay for cashback - but if I don't use my credit card for a purchase, I don't get a discount at the till. This is ex

More specifically, yes, I get it, customers pay for cashback - but if I don't use my credit card for a purchase, I don't get a discount at the till. This is exactly what I'm talking about: CC companies use this to 'force' people from cash to CC, and many stores and merchants have to accept it because they would lose revenue by not accepting it. It a classic example of the CC companies abusing a https://en.wikipedia.org/wiki/Collective_action_problem https://en.wikipedia.org/wiki/Collective_action_problem for their own benefit. In the EU we also have credit cards but they simply banned this practice.