> 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

> 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.