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Comment by caycep

6 hours ago

granted i am a bit of schadenfreude at the thought of poor poor megabanks having to pay....fees...

Ultimately it comes out of their customers’ wallets.

  • Probably, but there is an upper limit on what people will be able to tolerate, everyone is aware of it and capitalism is trying to make products that meet it.

    So, it’s not unlimited cost here.

    The fact right now is that handling cash is more expensive than handling card- even with the fees, which is why Sweden, Estonia etc; are essentially cash-free countries.

    At some point the fee’s will make you break-even I guess?