RandAlThor@lemmy.ca to Canada@lemmy.ca · 1 year agoAs ‘Buy Canadian’ grows, more US companies say retailers turning away their productswww.reuters.comexternal-linkmessage-square31linkfedilinkarrow-up1262arrow-down10cross-posted to: buycanadian@lemmy.ca
arrow-up1262arrow-down1external-linkAs ‘Buy Canadian’ grows, more US companies say retailers turning away their productswww.reuters.comRandAlThor@lemmy.ca to Canada@lemmy.ca · 1 year agomessage-square31linkfedilinkcross-posted to: buycanadian@lemmy.ca
minus-squareBlameThePeacock@lemmy.calinkfedilinkEnglisharrow-up10·1 year 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-up2·1 year agoOh, ok… gosh… Thanks for explaining.
minus-squareHastur@lemmy.cadeleted by creatorlinkfedilinkarrow-up1·edit-211 months agodeleted by creator
minus-squareBlameThePeacock@lemmy.calinkfedilinkEnglisharrow-up1·1 year 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.