09-03-2014, 03:26 PM
"It seems like this is really just a problem for the banks and merchants."
Except the "banks and merchants" pass along their costs (ie: losses) to all consumers in the form of higher prices. Even if you always pay with cash, you (and everyone else) end up paying more because of losses like this.
Except the "banks and merchants" pass along their costs (ie: losses) to all consumers in the form of higher prices. Even if you always pay with cash, you (and everyone else) end up paying more because of losses like this.