Not in this context, it’s just that it’s assuming the OP comes from one single country.
The credit card companies charge retailers a small fortune to use their services, which the retailer adds to their prices for the consumer to pick up.
The credit card company then tells the consumer they’ll get cash back on their purchases if they use their credit card, which the consumer has already paid to the retailer to cover the retailer’s card charges
For some kind of Stockholm-syndrome-esque reason, Americans love getting absolutely reamed up the arse for their money at every turn
I don’t know a single person that has a credit card
Thanks for the response! Definitely fair that the OP had the assumption of America-centric or at least credit card specific.
As to the scam, the unfortunate reality is that the price is already higher to account for fees, and it makes no difference if you pay cash or card. So Americans have the choice to either pay cash or pay card with cash back, even if the price is the same.
Also there are better protections in the states for credit card purchases than debit card purchases, so there’s an advantage there as well.
I’m curious about what you mean by credit card scam, in this context. Care to elaborate?
Troll. That’s the explanation.
Not in this context, it’s just that it’s assuming the OP comes from one single country.
The credit card companies charge retailers a small fortune to use their services, which the retailer adds to their prices for the consumer to pick up.
The credit card company then tells the consumer they’ll get cash back on their purchases if they use their credit card, which the consumer has already paid to the retailer to cover the retailer’s card charges
For some kind of Stockholm-syndrome-esque reason, Americans love getting absolutely reamed up the arse for their money at every turn
I don’t know a single person that has a credit card
Thanks for the response! Definitely fair that the OP had the assumption of America-centric or at least credit card specific.
As to the scam, the unfortunate reality is that the price is already higher to account for fees, and it makes no difference if you pay cash or card. So Americans have the choice to either pay cash or pay card with cash back, even if the price is the same. Also there are better protections in the states for credit card purchases than debit card purchases, so there’s an advantage there as well.