It's basically a bribe for customers to use credit cards, forcing businesses to pay huge transaction fees. So the businesses have to raise their prices to cover

It's basically a bribe for customers to use credit cards, forcing businesses to pay huge transaction fees. So the businesses have to raise their prices to cover those fees, which acts like a tax on both the business and consumers, especially those using alternative payment methods. And even the people using cashback credit cards don't win anything, they get their 1% back from 3% higher prices.