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>Because credit card rewards aren’t free So this isn't covered by the 1-3% transaction fee the merchant pays every time you use your card? >Most consumers are
by ancarda 5y ago
>Because credit card rewards aren’t free
So this isn't covered by the 1-3% transaction fee the merchant pays every time you use your card?
>Most consumers are okay with this trade off
No they aren't. Most consumers aren't even aware they are paying with their privacy, so you cannot take a low opt-out rate to mean high levels of consent.
- matthewdgreen 5y agoIt doesn’t matter if credit card providers are paid 0%, 3% or 5% on each transaction. If the law (and/or customer blowback) allows a company to sell customer information, management will eventually give in to selling it because it’s a revenue source. When called on this they will give you a story about how it “lowers customer costs” and some people will accept this as a valid excuse, but none of this changes the reality. PS: this is really a response to grandparent poster, not parent.
- 29083011397778 5y agoSpeaking with coworkers that aren't tech workers - nobody gives a damn. Not one, not even something resembling one. To them, they are getting paid for something they otherwise have no use for. They're aware everything is tracked about them, and they do not give a fuck. Your friends, family, and coworkers might though, so the critical mass of people not okay with this can still grow :)