Quote:
Originally Posted by Seth Manson
But it costs merchants more to process credit vs debit, and once you take the debit option away the merchants are going to raise their fees to cover their loss. In the end, the consumers get fucked. Like always.
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that's what happens when you meddle with free markets...
everything was working fine for decades and then some politician thought it will be a good idea to put price ceilings on debit card fees... banks will find a workaround for it and like you said consumers will probably get fucked...
