Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

> property taxes and electric bill charge me an extra fee for credit card payment (which I prefer since it is push and also rewards)

Precisely why credit cards are a hidden parasite on overall economic activity. They incentivize customers to use to get rewards and then take a ~4% cut of the payment from the merchant. So that's why merchants charge you extra fee they need to make up that 4% cost somewhere and it's either fees or raising prices even though you might not realize it.



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: