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People are concerned with it hurting local businesses. > they come from the business you're buying from. For local businesses Which is not true. And some of
by scarface_74 2y ago
People are concerned with it hurting local businesses.
> they come from the business you're buying from. For local businesses
Which is not true.
And some of the reasons - like security and losing money - is tin foil hat territory.
- coldpie 2y ago> Which is not true. Oh. Where does it come from then?
- scarface_74 2y agoRetailers don’t “lose money” by accepting credit cards because on average consumers spend more when they use credit cards than they do when using cash.
- coldpie 2y agoSo, you agree that the points do come from the transaction fees after all?
- scarface_74 2y agoYes, I’m saying that the merchants aren’t “losing money” by paying transaction fees if they make more by accepting credit cards than not accepting credit cards.
- coldpie 2y agoI don't think anyone suggested they should not accept credit cards. You asked why I like to use cash, and I answered that one reason is it gives more money to the vendor than if I used a card.