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Payment processors are a cartel. I'm not from the US, and no other processors have really come up. It's basically an underlying tax on all products -- as much a
by darkmighty 12y ago
Payment processors are a cartel. I'm not from the US, and no other processors have really come up. It's basically an underlying tax on all products -- as much as I don't agree with the rest of parents post -- it really is absurd such simple tech isn't done by the government. It would be like delegating private presses for the dollar and in turn giving them a huge fee for bank deposits.
Not only checks, but the hallmark of irony in this is we still use paper money. It should be a lot cheaper and simpler to move bits!
It all goes to funding those cartels, and most of their spending is not to improve service but maintain the absurdity.
- eru 12y ago> It would be like delegating private presses for the dollar and in turn giving them a huge fee for bank deposits. As a mildly amusing aside: the Hong Kong dollar is printed privately, and issued by three private banks.
- darkmighty 12y agoHaha that's nice trivia. Of the sort you hold onto for just the right moment :)
- eru 12y agoMy previous employer was amongst the three. So I specifically got one bill printed in their name, Standard Chartered.