Yeah, there are a bunch of places around me that offer cash discounts which I make solid use of. Lets them lower prices for you as you aren’t forcing a credit card transaction fee onto them.
sellers are not going to lower prices based on payment method
Mullvad actually does this for their VPN service, which I think is great. For a VPN company that doesn’t want to store identifiers about you, taking crypto makes sense because that also doesn’t necessarily have identifiers about you attached that they could read or be required to store, unlike a card that requires your name, address, and card number.
Other than that though, no larger companies are going to do anything of the sort, let alone be likely to even implement it as a payment method to begin with. Tons of additional technical complexity for little to no benefit.
Oh you’re definitely paying the credit card fee too, but since it’s the vendor who gets billed it’s just priced into the product. That’s why the product costs 10 Stanly nickle instead of 9 Stanly nickle.
Depends on the vendor. There are a bunch of places around me that offer cash discounts, which I make solid use of. Lets them lower prices for you as you aren’t forcing a credit card transaction fee onto them.
But it’s not variable so the seller prices it in. Switch to Bitcoin and you have to pay it while prices likely stay the same. Also lately most of my games have been under 30 EUR tbh
Average credit card transaction fee is ~2%. So a dollar of Bitcoin fees makes Bitcoin cheaper for any purchase over $50.
The transaction fee is not paid by the consumer (directly), and lord knows sellers are not going to lower prices based on payment method.
It depends, I have shopped at places where they will discount up to 15% by paying cash.
Yeah, there are a bunch of places around me that offer cash discounts which I make solid use of. Lets them lower prices for you as you aren’t forcing a credit card transaction fee onto them.
Mullvad actually does this for their VPN service, which I think is great. For a VPN company that doesn’t want to store identifiers about you, taking crypto makes sense because that also doesn’t necessarily have identifiers about you attached that they could read or be required to store, unlike a card that requires your name, address, and card number.
Other than that though, no larger companies are going to do anything of the sort, let alone be likely to even implement it as a payment method to begin with. Tons of additional technical complexity for little to no benefit.
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Sadly, this is probably true. Unless they’re trying to steer customers away from more troublesome payment providers.
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Oh you’re definitely paying the credit card fee too, but since it’s the vendor who gets billed it’s just priced into the product. That’s why the product costs 10 Stanly nickle instead of 9 Stanly nickle.
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Depends on the vendor. There are a bunch of places around me that offer cash discounts, which I make solid use of. Lets them lower prices for you as you aren’t forcing a credit card transaction fee onto them.
Yeah good point, they’re not discounting the credit increase for the crypto buyers. That might even be against their credit processor contract.
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But it’s not variable so the seller prices it in. Switch to Bitcoin and you have to pay it while prices likely stay the same. Also lately most of my games have been under 30 EUR tbh