A solution to what? Serious question, I don't have any issue with the current model. Or are you referring to recent events?

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scotty79 6 days ago | parent | next [-]

To duopoly exploiting customers? Europe knocked down transfer fees to 0.2% for debit cards and 0.3% for credit card. All fees for the merchant sum up to something around 1%. So anything on top of that, that Visa customers pay in US is pure exploitation. And US government isn't doing anything so people see alternate solutions for this problem.

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kennywinker 6 days ago | parent | prev [-]

The problem of paying 1-3% of every purchase to credit card companies, causing everything to cost 1-3% more.

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amanaplanacanal 6 days ago | parent [-]

Are merchants going to charge different prices depending on your payment method? Or stop taking visa/MasterCard entirely? I don't see either one of those happening.

	▲	orthecreedence 6 days ago \| parent \| next [-]
		> Are merchants going to charge different prices depending on your payment method? They are barred from doing so by credit card companies. That's why many smaller shops have "cash preferred" signs.
	▲	kennywinker 6 days ago \| parent \| prev [-]
		So, you don’t believe that a non-governmental tax on every transaction causes prices to rise? Because you’d be in disagreement with probably every economist ever. Or are you just saying change is impossible so why bother?