[mschuster91]

> With no more MFC clauses, retailers can charge a flat out %3 tax to all credit card users and pass the fee down properly to incentivize them to not use credit cards.

The alternative to this would be to go the European way and cap the fees themselves - 0.2% for debit cards, 0.3% for credit cards.

As a result, we don't have these "cashback" programs that incentivize customers to go into debt and pay interest upon purchases, and cash-paying consumers don't end up subsidizing the CC reward schemes.