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> I absolutely love the heavy lifting “as little as” is doing here. My understanding is that grocery store margins are typically between 1% and 3%, so even "sm
by woodruffw 3y ago
> I absolutely love the heavy lifting “as little as” is doing here.
My understanding is that grocery store margins are typically between 1% and 3%, so even "small" shifts in the interchange rate can have massive impacts on their bottom line.
- dguest 3y agoI would assume that grocery store margins are that low because they price competitively, so this will just drop prices by a few % and the grocery store margins will stay the same.
- Dalewyn 3y agoNot to mention parent poster neglected to take the wider picture into account. That $2 dollar difference comes out to $20 over ten transactions, $200 over a hundred transactions, $2000 over a thousand transactions, and so forth. That is a huge difference.