February 2012
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This is the most horrible thing I've ever seen
ryanhatesthis:
TubeGnosis →
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Who Gains and Who Loses from Credit Card Payments?... →
Merchant fees and reward programs generate an implicit monetary transfer to credit card users from non-card (or “cash”) users because merchants generally do not set differential prices for card users to recoup the costs of fees and rewards. On average, each cash-using household pays $149 to card-using households and each card-using household receives $1,133 from cash users every year. Because...
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