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TopicSo I was reading up on credit in the US and it's kinda blowing my mind
Colegreen_c12
01/11/23 10:47:25 AM
#17:


MacArrowny posted...
This is kind of a bad system too. Credit card companies benefit, and so do responsible customers, but retailers definitely lose out since they're paying for those benefits, particularly smaller retailers.

I mean sure. But it's a lot more convenient to deal with credit cards than cash: less to get stolen etc, easier to manage, less running to the bank, don't have to worry about having change as much. Additionally retailers are able to (and some do) charge the customer an additional fee for using a card to make up the difference. Most just raise their prices wholesale though.

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