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Comment by ngriffiths

Patio11 covered this exact topic: https://www.complexsystemspodcast.com/episodes/credit-card-r...

It's clearly more complex than the story these authors are telling, in particular the highest income consumers get the worst returns on their interchange payments. So stores and services catering to wealthy consumers are actually subsidizing an opportunity for savvy customers, many of whom are not wealthy

parent ngriffiths 2 months ago

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