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by toomuchtodo
1015 days ago
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Why would you assume there has to be consumer benefit for this change to be made? Everyone is paying ~3-5% more throughout the economy for interchange fees, some of that will remain as savings or profits in enterprises, some of that will be returned to consumers through lower prices as businesses switch payment rails. Some people will have to pay more to keep using credit cards (whether for float, purchase insurance, or convenience), simple as that. |
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