3 ms·

If both customers are shopping at the same store, and one pays in card and one pays in cash, the card holder pays less due to cashback. I agree the prices will

by pests 2y ago

If both customers are shopping at the same store, and one pays in card and one pays in cash, the card holder pays less due to cashback. I agree the prices will be higher than at a store that does not accept credit cards due to not having to pay the fees. The only way I see the extra 3% for cardholders is because they are "forced" to shop in card-accepting establishments which will have higher costs to cover fees while the cash user can choose the cheaper cash vendor.

mbesto 2y ago
> the card holder pays less due to cashback. At a point in time basis, you are correct. > The only way I see the extra 3% for cardholders is because they are "forced" to shop in card-accepting establishments which will have higher costs to cover fees while the cash user can choose the cheaper cash vendor. Correct. And my point is that this 3% tax gives you the feature to dispute the charge.