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Yes, I'm sure everyone prices it in. I'm not suggesting that business owners are stupid enough not to do that. I'm suggesting that 2-3% of our expenditures shouldn't be handed over to the banks. Finance already steals enough of our money. Voluntarily giving up cash contributes to their continued success in doing so. 2-3% on every transaction is essentially a sales tax that only benefits a very few people.
thenewgreen · 3074 days ago · link ·
There is no doubt that it is a market ripe for disruption. It's one of the reasons I believe some form of cryptocurrency will eventually destroy the credit card industry. Till then, I'll be using my rewards card to get my points. I buy enough small ticket items a year to make for a significant amount of points. Why wouldn't I?