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The "one-click" payment and 1% price discount is not gonna appeal enough to the average Joe who already has 1-2% cash back, airline miles, and consumer protecti
by 2arrs2ells 13y ago
The "one-click" payment and 1% price discount is not gonna appeal enough to the average Joe who already has 1-2% cash back, airline miles, and consumer protection on his credit card (and 1-click checkouts on many e-commerce platforms).
Yes! The credit card is an amazing tool for consumers, and I won't be giving mine up unless I get something significantly more amazing in return (Merchants would need to offer 5-10% discounts on purchases with bitcoin, for me to begin to be interested).
- sitkack 13y agoNot sure how it relates to bitcoin, but Visa and Master Card will pull a merchants account if they give cash discounts. They do this, ofcourse, to make cash and cards equal in the eyes of the consumer even though the merchant takes a pretty sizeable hit.
- willlll 13y agoExcept this hasn't been true for several years in most states http://usa.visa.com/personal/get-help/checkout-fees.jsp http://usa.visa.com/personal/get-help/checkout-fees.jsp
- sitkack 13y agoTrue here, http://www.cbc.ca/news/canada/british-columbia/credit-card-fees-civil-conspiracy-class-action-lawsuit-says-1.2589751 http://www.cbc.ca/news/canada/british-columbia/credit-card-f... But thanks for that, I wasn't aware.
- rdl 13y agoOr for products which can't take credit cards -- e.g. buying gold coins, high fraud purchases, illegal stuff, etc.