> You're not paying someone to move bits around, you're paying someone to take the risk that someone could issue a chargeback and demand their money returned.
I don't follow. The merchant pays the credit card fees AND is on the hook for fraud. The card processors even charge you a $15 or more fuck-you fee on top of clawing back the money when a customer does a chargeback on you.
I don't follow. The merchant pays the credit card fees AND is on the hook for fraud. The card processors even charge you a $15 or more fuck-you fee on top of clawing back the money when a customer does a chargeback on you.