Comment by leg100
2 months ago
> These payment processors seem to be basically levying a 1-3% tax on a nations entire GDP
You're exaggerating for effect. GDP is the total value of all goods and services sold or bought; only a fraction of which is paid for with a credit card. I doubt an F35 is purchased with a Visa.
> These payment processors seem to be basically levying a 1-3% tax for the convenience of using their service, and we are willingly paying it.
Fixed.