3 ms·

nice article, but then end with the brain dead "jump on [current fad]". If this was published a few months ago, it would be telling everyone to jump into web3.

johncole 1y ago
Has that ended well?
nailer 1y ago
[flagged]
- graemep 1y ago
  Credit cards are not the only alternative to crypto currencies. My bank transfers within the country cost me nothing to send or receive, for example.
- bryanlarsen 1y ago
  Merchants aren't the customer target for credit cards, consumers are. Credit card payments are reversible and provide a reward. There are lots of options available that are better for merchants than credit cards (cash, debit cards, transfers, etc). But they all lose because the consumer prefers credit cards.
  - nailer 1y ago
    Yes, that's the varying value-add mentioned in the comment you're replying to. I pay 3.5% of every card transaction to Square. I don't get 3.5% cash/rewards back.
    - bpt3 1y ago
      Do you get a discount for paying with cash (or blockchain)? In general the answer is no, meaning you aren't paying the 3.5% transaction fee, the merchant is.
      - nailer 1y ago
        That's correct, much like the roads not being paved was a hassle for cars.
  - SoftTalker 1y ago
    Cash isn't really great for merchants. You have to handle it, safeguard it, count it, get it to the bank. Many hands are involved that process and theft or loss can occur by any of them or by robbery/burglary. I don't know if it's a break-even on payment card fees but I bet it is close.
- scarface_74 1y ago
  That only happens in the US. Europe has much lower credit card fees and most countries have already figured out cashless low cost payments.
massysett 1y ago
Yes, would have been a much better article if it told us how to be sure AI is the next automobile and that AI is not the next augmented reality, metaverse, blockchain, Segway, or fill-in-your-favorite-fad.
deleted 1y ago
[deleted]

johncole 1y ago

Has that ended well?

nailer 1y ago

[flagged]

graemep 1y ago
Credit cards are not the only alternative to crypto currencies. My bank transfers within the country cost me nothing to send or receive, for example.
bryanlarsen 1y ago
Merchants aren't the customer target for credit cards, consumers are. Credit card payments are reversible and provide a reward. There are lots of options available that are better for merchants than credit cards (cash, debit cards, transfers, etc). But they all lose because the consumer prefers credit cards.
- nailer 1y ago
  Yes, that's the varying value-add mentioned in the comment you're replying to. I pay 3.5% of every card transaction to Square. I don't get 3.5% cash/rewards back.
  - bpt3 1y ago
    Do you get a discount for paying with cash (or blockchain)? In general the answer is no, meaning you aren't paying the 3.5% transaction fee, the merchant is.
    - nailer 1y ago
      That's correct, much like the roads not being paved was a hassle for cars.
- SoftTalker 1y ago
  Cash isn't really great for merchants. You have to handle it, safeguard it, count it, get it to the bank. Many hands are involved that process and theft or loss can occur by any of them or by robbery/burglary. I don't know if it's a break-even on payment card fees but I bet it is close.
scarface_74 1y ago
That only happens in the US. Europe has much lower credit card fees and most countries have already figured out cashless low cost payments.

massysett 1y ago

Yes, would have been a much better article if it told us how to be sure AI is the next automobile and that AI is not the next augmented reality, metaverse, blockchain, Segway, or fill-in-your-favorite-fad.

deleted 1y ago

[deleted]