> Free-as-in-beer banking If you think your banking is free just because you don't explicitly pay for your credit card or your checking account you are serious

> Free-as-in-beer banking If you think your banking is free just because you don't explicitly pay for your credit card or your checking account you are seriously deluded. Banks have injected themselves into the stream of payments for goods and services and are now getting cut of almost every your transaction. They have architected entire process very cleverly so that you, the consumer, do not need to be aware of the amount of money you are paying and the merchant, service provider has no way to protest. It makes sense for them to reduce the visible part of the cost to 0 just to get you lulled into sense of everything being free. Banks want you to think so. Most people are inept at how banks are making money and for banks this is how they like it to stay. In reality, you pay hefty tax on every purchase you make with a credit card which is costing you way more than you would accept if that sum was to be paid in monthly installments. I have been working for banks and credit card companies for the best part of the last two decades.