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That's fine - there are specific purchases I would always want to pay the protection premium for, including for some of your examples. But the risk involved va
by rlpb 13y ago
That's fine - there are specific purchases I would always want to pay the protection premium for, including for some of your examples.
But the risk involved varies depending on the situation. In cases where I consider the risk low enough, I would appreciate having the option of not paying the protection premium, and going without.
- canvia 13y agoThere is absolutely no reason for a restaurant to pay 2.9% of their revenue for payment processing. Their total profit margin is probably around that much, so reducing the processing fee to 1% could potentially result in a very significant increase in profits for them. There is no necessity for insurance on a transaction like a restaurant bill.