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They don't charge extra for credit card payments, but they pay the fee on the majority of their payments, so it's baked into their margin. The cash-back arrange
by xur17 4y ago
They don't charge extra for credit card payments, but they pay the fee on the majority of their payments, so it's baked into their margin. The cash-back arrangement reduces this by ~1% in effect.
- lxgr 4y ago> The cash-back arrangement reduces this by ~1% in effect. For people with good credit, as the article mentions. It's effectively yet another tax on the poor.