Goodbye cretit card fees?

[Veteran]

How long before a credit card company buys him out?.

 

[Madman]

I think he is going to be a very rich man, good for him.

 

[DonCorleo]

The hackers are going to have a field day with it.

 

[Auggie]

Credit cards are too expensive for consumers and retailers, it's about time they were brought to their knees.

 

[Macho Man]

Credit cards are too expensive for consumers and retailers, it's about time they were brought to their knees.

Visa and Master Card charges the retailer 1.65% and American Express 3.5%. Imagine the savings.

 

[Jesus Quintana]

Imagine what this can do to bank fees for international transactions?
No more "SWIFT" fees at 80 or 90 bucks a crack.....

 

[BEER]

Imagine what this can do to bank fees for international transactions?
No more "SWIFT" fees at 80 or 90 bucks a crack.....

It is bound to change. I just don't see it staying at 25 cents for million of dollars transactions.

 

[tboy]

It is bound to change. I just don't see it staying at 25 cents for million of dollars transactions.

Well, they probably use the canadian tire/mass merchandiser method: don't make a lot on one item, make millions on millions of them. I seem to recall that they are doing 1 M transactions a day? That's $250K per day.....pretty fricken good if you ask me.

Yup, time for the CC bandits to take it up the arse.....now if someone could hose the department store CC's, they are the REAL loan sharks with 28% interest....fuuuuck.....

 

[Marlboro Man]

Well, they probably use the canadian tire/mass merchandiser method: don't make a lot on one item, make millions on millions of them. I seem to recall that they are doing 1 M transactions a day? That's $250K per day.....pretty fricken good if you ask me.

Yup, time for the CC bandits to take it up the arse.....now if someone could hose the department store CC's, they are the REAL loan sharks with 28% interest....fuuuuck.....

Most have choices. The best visa credit card is from Nova Scotia bank. Only 3% annually, kid you not.