Worth it to whom? It costs money to deal with transactions. Whether that is cash... | Hacker News

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		chrismcb on Aug 18, 2022 \| parent \| context \| favorite \| on: Can the Visa-Mastercard duopoly be broken? Worth it to whom? It costs money to deal with transactions. Whether that is cash or credit. 3% can actually be easier and cheaper than dealing with large sums of cash

hn_throwaway_99 on Aug 18, 2022 [–]

Abnormally large profit margins, as outlined in this article, mean that it's the lack of competition that is responsible for keeping fees high.

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