3 ms·
> The invisible fee is paid by the merchant, not the consumer. But the customer pays the merchant. It's all paid by the customer.
by jstanley 6y ago
> The invisible fee is paid by the merchant, not the consumer.
But the customer pays the merchant. It's all paid by the customer.
- btilly 6y agoThe customer is paying whether or not they use a credit card. However actual businesses have overhead for dealing with physical cash as well. It is slower at the teller, needs to be manually counted and recounted, transported (sometimes with security) and so on. It is not clear whether real costs of handling money are greater or less than merchant fees.