RandAlThor@lemmy.ca to Canada@lemmy.ca · 9 months agoAs ‘Buy Canadian’ grows, more US companies say retailers turning away their productswww.reuters.comexternal-linkmessage-square32fedilinkarrow-up1263arrow-down10
arrow-up1263arrow-down1external-linkAs ‘Buy Canadian’ grows, more US companies say retailers turning away their productswww.reuters.comRandAlThor@lemmy.ca to Canada@lemmy.ca · 9 months agomessage-square32fedilink
minus-squareBlameThePeacock@lemmy.calinkfedilinkEnglisharrow-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-squareBlameThePeacock@lemmy.calinkfedilinkEnglisharrow-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.
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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.