4 ms·
There is little question that, if this becomes the dominant way to settle payments, prevailing prices will decline by an amount proportional to the previous tra
by nwiswell 3y ago
There is little question that, if this becomes the dominant way to settle payments, prevailing prices will decline by an amount proportional to the previous transaction costs. That is obviously a significant benefit to the consumer.
- carlosjobim 3y agoIf that is true and obvious, you should get a discount already today for paying with anything but a credit card.
- nwiswell 3y agoGenerally that's prohibited by merchant agreements with the card networks. You will sometimes see "convenience fees" to use a card for large payments, which is equivalent.
- inkcapmushroom 3y agoSome small businesses do in fact charge a card processing fee directly to the consumer which you don't have to pay if you use cash.
- vitorgrs 3y agoThis already happens in Brazil ;)