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Not to mention that retailers are getting screwed harder all the time. I thought that the major cards had set fees across their brands, but NO: retailers are sc
by NoPedantsThanks 3y ago
Not to mention that retailers are getting screwed harder all the time. I thought that the major cards had set fees across their brands, but NO: retailers are screwed at all different levels by different ISSUERS. Apparently Capital One is one of (if not THE) worst, coming in at something obscene like 4.5%.
That's the entire profit margin of some businesses. At least some places like L.A. are taking tiny steps to prevent a total takeover by these assholes by outlawing "cashless" businesses.
- EVa5I7bHFq9mnYK 3y agoI think they should outlaw the clause in the CC contracts that forbids discounts for cash payments.
- NoPedantsThanks 3y agoThe Obama administration did! That's why these have returned. I was disappointed by many of the "reforms" passed under Obama, but this one in particular and some other banking-related ones stand out as truly helpful.