[xadhominemx]

> Looking back, I have to imagine that this 3%+ tax on all American transactions must put a weight on the system.

90% of the credit card take gets paid back out in the form of rewards, so it’s not really a tax

[Invictus0]

It's a tax on the people paying with debit, who finance the credit card fees by paying higher prices with no rewards paid back. Credit cards are regressive.

[xadhominemx]

Debit interchange is regulated, and much lower than credit.