Well, it used to be justified but if they are lowering their rates it's in part because they are starting to get replaced by regional wallets.

Personally I think it's fantastic they are losing ground because it really rubs me the wrong way when they force their morals [1] [2].

[1] https://www.theverge.com/2021/8/19/22632797/onlyfans-prohibi...

[2] https://www.theguardian.com/world/2025/jul/29/mastercard-vis...

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lotsofpulp 8 hours ago | parent | next [-]

In the US, they are getting replaced by ACH. The seller gets to receive payment at near zero cost, with no chargeback risk.

A 3% credit card surcharge is enough to make me switch my insurance/mobile network/home internet/utility/property tax transactions to ACH to avoid losing money on a credit card transaction that I am never going to need to chargeback.

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barbazoo 6 hours ago | parent [-]

Careful with utilities etc there were stories here of people being charged outrageous amounts for their electricity use iirc (Texas?). I’d be hesitant to give them my bank account info, it could take years for that to get settled.

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bob1029 4 hours ago | parent [-]

> outrageous amounts

Apologies for the tangent, but variable rates are good. For everyone. For the grid. For the environment. I wish we could stop framing it as consumer extortion and start looking into educational solutions.

$9/kWh was bad but it literally could not get worse due to the market rules. I don't know anyone who was using Griddy who was not aware of this possibility. I had to pay ~$1200 that month for usage and I still came out way ahead of anyone who was using fixed rate plans for the year. This last part is probably the actual reason they made variable rate electricity plans illegal for consumers in Texas.

	▲	barbazoo 2 hours ago \| parent [-]
		In BC I’m on a progressive 2 tier system. After x kWh the price goes up. But that’s based on use. I think that’s fair, otherwise it favors the rich.

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blasphemers 8 hours ago | parent | prev [-]

Except the networks are not forcing their morals onto anyone, they are not payment processors.