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Leon Trotsky 2012 posted:On the one hand, it does suck for merchants that they have to pay a fee for every product they sell to a third-party just to take payments and nearly instant bank-to-bank transfers would be a massive improvement over ACH that can take days to verify or credit cards that take some extra fees from the merchant for no real reason. Eh, I think this is a point that gets raised without thinking about the history of it. Back in the pre-credit card days, pretty much every store regularly extended credit to the general public - hell, I still know old people who have credit accounts with the grocery store. Paying a fee just to take payments is really paying a fee to almost never have to worry about bad debt.
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Sep 26, 2022 19:34
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| # ¿ May 11, 2024 10:18 |
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