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I believe this is the case too, at least for the US. Why, no profit to be made from people using these. We have Credit Cards and the Banks get a cut from the
by jmclnx 3y ago
I believe this is the case too, at least for the US. Why, no profit to be made from people using these. We have Credit Cards and the Banks get a cut from the store and from people who do not pay their full balances off, and the stores hide these fees from their customers.
Now some stores are starting to add special fees for Credit Card use, which the Banks are trying to eliminate these fees via the US Congress. They know as well as I do, if stores start charging fees for Credit Card use, many people would jump right back to cash. This would decrease their profits.