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In my country card fees are less than cash fees, so I guess that's a wealth transfer from card payers to cash payers?
by iso1631 2mo ago
In my country card fees are less than cash fees, so I guess that's a wealth transfer from card payers to cash payers?
- tiffanyh 2mo agoThat’s a great point. Managing cash for a merchant also brings real costs as well. You have to take it to the bank or pay a service to pick up cash. You’re way more likely to have “leakage” when any cashier can pocket cash. Etc
- deleted 2mo ago[deleted]
- SkiFire13 2mo agoThe costs of credit cards are higher in part because of the reward programs for using such cards. That's where the wealth transfer happens, and there's nothing like this for cash.