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> paid for I assume by the high rates and carried-balances that others have. And the merchant fees the retailers pay, to receive the money at the point of sale
by stevekemp 11y ago
> paid for I assume by the high rates and carried-balances that others have.
And the merchant fees the retailers pay, to receive the money at the point of sale. Credit card companies make their money at both ends :)
- avn2109 11y agoYeah, that "free money" is priced in to the cost of goods/services at firms that accept the cards. This is why you sometimes see a lower cash price, like at smaller gas stations etc.