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Finance 20 Online
beebo31:

How would consumers who traditionally pay using cash potentially benefit from an interchange fee cap?

Vocaloid:

@angle maybe you know something about this? :S

Angle:

This would be referring to the fact that the merchants are charged by credit card companies about 2-5% of their sale in order to swipe credit cards. By paying in cash, you could potentially bargain with the merchant and receive a discount, as most listed prices a higher due to this credit card fee.

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