Comment by monksy
8 days ago
I've been menionting this a lot and it feels like no one is listening. These 3rd and 2nd party actors are expecting for you to pay for equipment for them. It's insane.
More context: I've been saying this a lot about this in the scan and go at sams club and how there are fanatics that act like it's a good thing and to be the only way to pay.
You'll pay for their security measures either way. Does it really matter that much if you see the line item charge or if it's baked into your interest rate spread?
It does matter though. If the cost comes out of their budget they have different incentives than if the cost is born by the customers in some semi-hidden fashion.
Just gotta hope that based on how economic theory is supposed to work, if doing these things result in saving costs during procurement of specialized equipment, the savings are passed on to the consumer… hopefully…
In this case it's not. It's removing employees, but there is no notice cost decrease in product. There's just re-enforcement of "you didn't rob us". (Checks at the end, etc).