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> Credit cards give me cashback, worldwide acceptance and peace of mind. That's because you (and everyone else in Switzerland, even those paying cash) is eating a 2-3% merchant fee markup. In the civilised world like the EU, where credit card interchange fees are capped of 0.3%, those cashback benefits (which is, again, your money you've just paid) don't exist. > worldwide acceptance For now, at a huge economy-wide cost. That skimmed 2-3% is what Trump is trying to protect. > peace of mind That's also country-dependent. In many countries, credit card transactions have no additional protections and chargebacks aren't the magic bullet they are in some. > more convenient, safer, faster. Pix is more convenient, safer (much, much safer and lower risk of fraud), and faster than credit cards. Cheaper too. |
And let's not forget that cash acceptance costs an order of magnitude more than this anyway; if anything businesses should charge surcharges for accepting cash, not the other way around, and given the social constraint of no surcharges, cashback is a fair mechanism to reward efficient payment methods.