Comment by drnick1
9 days ago
Yes, because we don't want these stupid locked down apps. Credit cards give buyers many protections, it's very easy to dispute an illegitimate transaction.
9 days ago
Yes, because we don't want these stupid locked down apps. Credit cards give buyers many protections, it's very easy to dispute an illegitimate transaction.
However, you pay 2.7% for that convenience
The consumer does not typically pay this directly. It may be passed onto the consumer indirectly through higher prices, but those apply to anyone regardless of payment method. On the contrary, I get cash back on purchases and other rewards.
Pretty cool that you have a system where poor people pay for your fraud protection, cash back and rewards!
Europe mostly uses debit cards but also have most of those protections.