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I don’t think that’s responsive to what I’m saying. There are merchants where the all in costs of cash is more expensive than their equivalent card costs. Thos
by kasey_junk 4y ago
I don’t think that’s responsive to what I’m saying.
There are merchants where the all in costs of cash is more expensive than their equivalent card costs. Those merchants wouldn’t want to give a cash discount, quite the opposite they’d want to give a card discount or prohibit cash transactions (though most would rather have the sale vs not so that is more rare).
- matthewdgreen 4y agoI don't disagree with you that there are such merchants. I'm just wondering whether that case would be as common in a world where card networks hadn't put their thumb on the scale. Merchant cash handling costs will be (proportionally) higher when cash payments are rare. And that situation is more likely in a world where card networks have conspired to ensure that customers receive little benefit from paying in cash, and just don't carry it anymore.