> Credit cards are pretty meh for people that accept them. A % of your money disappears.
> There was this big push in retail a few years ago to get customers to stop using credit cards.
Really, says what retailers? EDIT: saw your note below about MCX. Noted.
- Your revenues go up because people are spending money they may or may not have in the future
- You don't lose out on a sale because someone is a 5c, 12c, 18c, etc. short
- You don't have to deal with physical cash (armored transportation to banks, miscounting, theft, etc.)
I personally think CC fees are egregious, but pretending they add little to no value to the extent that they aren't useful for the merchant is pretty myopic.
> There was this big push in retail a few years ago to get customers to stop using credit cards.
Really, says what retailers? EDIT: saw your note below about MCX. Noted.
- Your revenues go up because people are spending money they may or may not have in the future
- You don't lose out on a sale because someone is a 5c, 12c, 18c, etc. short
- You don't have to deal with physical cash (armored transportation to banks, miscounting, theft, etc.)
I personally think CC fees are egregious, but pretending they add little to no value to the extent that they aren't useful for the merchant is pretty myopic.