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> I'm more likely to care of my card works and not care if I'm charged x% fee. Sure, any alternative needs to work on a practical/technical level, be convenien

by lxgr 2y ago

> I'm more likely to care of my card works and not care if I'm charged x% fee. Sure, any alternative needs to work on a practical/technical level, be convenient, have fraud protection etc. But if it does, and a merchant I know and trust (these are fairly big caveats!) were to offer me a discount equivalent to what my card issuing bank pays me in cashback and then some as an incentive for paying using that alternative, why wouldn't I do it? > Replacing all payment terminals is not easy. Terminals already support multiple payment networks today, some even non-card based. > for small businesses it was probably bad, but for a big business dealing with lots of cash is probably not cheap. It's exactly the other way around. Big chains can strike custom interchange and scheme fee deals with Visa and Mastercard, because they have the credible threat of offering steep discounts on store cards or other "on-us" payment methods; small businesses basically need to accept what they get.

chii 2y ago
> were to offer me a discount equivalent to what my card issuing bank pays me in cashback and that's exactly why these card networks made the merchant agree in the contract to not do exactly that.
- eszed 2y ago
  I think that shouldn't be permitted. (As in, be illegal for the card companies to impose or enforce.) On the other hand, most gas stations seem to post credit vs cash prices, so they get away with it. What's the story there? Why don't more merchants do it? It's also contrary to card agreements for merchants to add an extra fee ("it's +0.50 if you use a credit card, is that OK?"), but that doesn't seem to be meaningfully enforced.
  - chii 2y ago
    It's not 100% enforced, but to the card networks, they dont need 100% enforcement - they just need majority of merchants to comply. Small corner stores and gas stations probably could get away with surcharges, but not big box stores.
kidneystereotyp 2y ago
for the only dumb mouse in this thread: what would an alternative be?

by lxgr 2y ago

chii 2y ago

> were to offer me a discount equivalent to what my card issuing bank pays me in cashback and that's exactly why these card networks made the merchant agree in the contract to not do exactly that.

eszed 2y ago
I think that shouldn't be permitted. (As in, be illegal for the card companies to impose or enforce.) On the other hand, most gas stations seem to post credit vs cash prices, so they get away with it. What's the story there? Why don't more merchants do it? It's also contrary to card agreements for merchants to add an extra fee ("it's +0.50 if you use a credit card, is that OK?"), but that doesn't seem to be meaningfully enforced.
- chii 2y ago
  It's not 100% enforced, but to the card networks, they dont need 100% enforcement - they just need majority of merchants to comply. Small corner stores and gas stations probably could get away with surcharges, but not big box stores.

kidneystereotyp 2y ago

for the only dumb mouse in this thread: what would an alternative be?