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Why should they bear the cost of credit card payment processing? Cash buyers shouldn't have to subsidize credit card users.
by alwayslikethis 4y ago
Why should they bear the cost of credit card payment processing? Cash buyers shouldn't have to subsidize credit card users.
- askvictor 4y agoCash isn't free either (you need a float, security/insurance for the risk of theft, employee mistakes/theft, accounting costs to reconcile the days earnings). It's just that these costs are often internalised by the company (I have no idea what the actual cost is compared to a credit card surcharge, but it's non-zero). Then (depending on your political views) there's the broader cost to society of tax-evasion that sometimes comes with cash payments (I'm not saying that cash is bad, but it's pretty clear that some businesses that are cash-only are avoiding tax and paying workers under-the-table, which has impacts both for government and the workers involved)
- janalsncm 4y agoPremium card users are also subsidized by basic card users.