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What do Visa and Mastercard do? An intro to card networks

tautology.town

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Re: What do Visa and Mastercard do? An intro to card networks

#401
post #121

Earlier quoted context omitted.

You better don't look into how banks make money on your savings.

You better don't look into how banks created your savings by creating loans that were used to invest into companies and thus pay salaries.

I looked. I know. It's not me who is surprised.

Re: What do Visa and Mastercard do? An intro to card networks

#403

Earlier quoted context omitted.

This would explain why so many damn coffee shops dont deal with cash now - the double as a coffee shop and data reseller

Merchants aren't going cash only to sell your data, they're doing it because it's expensive to handle cash and makes their taxes a whole lot more troublesome too.

Well, many merchants use cash because they can dodge tax lol.
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