Peter Todd on Nostr: Merchants should be required to pass on credit card fees. It's ridiculous that we ...
Merchants should be required to pass on credit card fees. It's ridiculous that we have cards giving 3% cashback, charging merchants 4%. There's cases where these fees even result in merchants losing money on every sale.
The whole thing is a scam only made possible by the duopoly position credit card companies are in.
3% doesn’t sound like a lot, but at a 2x normal retail margin that’s a 6% increase in margin. With high retail costs that’s easily a 10-20% increase in profit!
3% on the retail price on everything you sell is *huge*! Talk to merchants. They’ll use it.
note1zf6…g0h2
Published at
2025-11-12 18:14:25Event JSON
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