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I don't know why you would swap in your own interpretation over the article's. Credit merchants in the US charge a lot per transaction. Many businesses find tha
by rendall 1y ago
I don't know why you would swap in your own interpretation over the article's. Credit merchants in the US charge a lot per transaction. Many businesses find that is not worth it to allow credit payment for low-cost items (like donuts). Many businesses have a credit card minimum of $20.
What about that leads you to the conclusions is to evade taxes?
- mingus88 1y agoAlso, CC companies give cash back and other perks to encourage people to use credit everywhere If the CC firms take 3% in fees, and give 1-2% back to the customer, why would anyone pay in cash? It’s free money. it’s pretty easy to see this is rent seeking behavior and you can’t blame small shops for not playing that game. It’s not enough to take interest from the consumer, they have to squeeze the businesses too.