Not using cash means someone gets a cut of a processing fee. Every time, with almost no exceptions.
I’m not down to have rent seeking companies taking a slice of my hard earned money just so I don’t have to manage a few pieces of paper.
You’re generally paying 3-4 percent of every transaction now, as that’s pretty standard for debit cards on businesses, and it doesn’t matter if it’s charged to the card holder or the business, the consumer ultimately pays for it in higher prices. Heck, people pay transaction fees on payments they make the to government because the government won’t take cash.
Do we really need to make not paying invisible fees in everything illegal? Seems crazy.
I’m not down to have rent seeking companies taking a slice of my hard earned money just so I don’t have to manage a few pieces of paper.
You’re generally paying 3-4 percent of every transaction now, as that’s pretty standard for debit cards on businesses, and it doesn’t matter if it’s charged to the card holder or the business, the consumer ultimately pays for it in higher prices. Heck, people pay transaction fees on payments they make the to government because the government won’t take cash.
Do we really need to make not paying invisible fees in everything illegal? Seems crazy.