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by rr888
1232 days ago
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Its crazy there isn't more competition. I was hoping that would be one thing cryptos would be good for. One thing I think regulators could do is force cc fees to be added to the price instead of hidden. Eg a $10 item costs $10, $10.20, $10.40 depending on which payment method you use. |
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It already is. While still not many, there are companies that will pass the savings realized from avoiding traditional payment processors fees by giving you discounts if you pay them in crypto (e.g. mullvad).
> One thing I think regulators could do is force cc fees to be added to the price instead of hidden.
I agree. Increasing competition by nullifying this part of merchant pgw agreements (standard in most agreements) would definitely be better than the status quo. Another option is to simply impose limits on cc fees and ban non-compliant processors but I believe your method is better. Give the customer the information and power to choose.