RandAlThor to Canada · 9 months agoAs ‘Buy Canadian’ grows, more US companies say retailers turning away their productswww.reuters.comexternal-linkmessage-square30linkfedilinkarrow-up1263arrow-down10cross-posted to: globalnews@lemmy.zipnews@lemmy.worldbuycanadian
arrow-up1263arrow-down1external-linkAs ‘Buy Canadian’ grows, more US companies say retailers turning away their productswww.reuters.comRandAlThor to Canada · 9 months agomessage-square30linkfedilinkcross-posted to: globalnews@lemmy.zipnews@lemmy.worldbuycanadian
minus-squareBlameThePeacocklinkfedilinkEnglisharrow-up10·9 months agoNo, cashback is literally a “use this credit card and we’ll give you 1% of your money back as a reward” then they charge the vendor 3% to process the transaction.
minus-squareChee_Koala@lemmy.worldlinkfedilinkarrow-up2·9 months agoOh, ok… gosh… Thanks for explaining.
minus-squareBlameThePeacocklinkfedilinkEnglisharrow-up1·9 months agoYes and no, those rewards increase the prices charged by the retailer. Then the credit card company’s ban charging extra to cover that. It’s inherently a monopolistic exploit.
No, cashback is literally a “use this credit card and we’ll give you 1% of your money back as a reward” then they charge the vendor 3% to process the transaction.
Oh, ok… gosh… Thanks for explaining.
deleted by creator
Yes and no, those rewards increase the prices charged by the retailer.
Then the credit card company’s ban charging extra to cover that.
It’s inherently a monopolistic exploit.