[vira28]

If merchants mostly pay the fee, how long before companies like Affirm becomes a commodity? (meaning won't the competition drive the fee down?)

[nt2h9uh238h]

It didn't happen to credit card companies in 60 years. They still charge merchants 2,9%. It's like a giant duopoly and fixed pricing. But in a real market, ofc you would be right. Maybe congress should look at VISA, Mastercard, AMEX instead.