3 ms·
My take (as an American) on the one reason why cashless sucks: exorbitant transaction fees. 3% plus 50 cents is ridiculous, it should be like 0.1% at most for p
by JTbane 2y ago
My take (as an American) on the one reason why cashless sucks: exorbitant transaction fees. 3% plus 50 cents is ridiculous, it should be like 0.1% at most for payment processor infrastructure.
- brainwad 2y agoYou Americans get a lot of it back via card reward programs (or, if your credit is bad, via lower interest rates). In Europe the CC fees are limited to 0.3%, but there is also basically no cashback.