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Author Topic: The Horrors of Credit Card Processing  (Read 2455 times)
defxor
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August 14, 2011, 08:00:29 AM
 #21

It's common knowledge to anyone it applies to (merchants)

My point is (like others have written in this thread already) that those charges are passed on to consumers, who _don't know_ that they're paying for it and would in effect see lower prices on goods if the world moved to a Bitcoin transaction system.

I've used that argument with success when explaining "Why Bitcoin?". Actual savings do entice interest.

(I'm from a country where paying with cash is frowned upon and you're recommended to use credit/debit cards. They're touted as being the cheaper option due to less "hassle" with cash)

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Xephan
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August 14, 2011, 08:47:23 AM
 #22

Credit cards are the biggest fraud of the century.

Here's just one of many examples:

http://www.zug.com/pranks/credit/


LOL, he's really dedicated with that. But he hasn't tried this one that I've done on numerous occasions: sign for something using a LADIES only card. Not sure if these things exists in the States but here we have some cards that are exclusive for women and clearly designed/marked so with special discounts/offers only valid for women.

So far nobody has batted an eye when I take one out, obtained with permission from my lady of course who tries not to grin too hard, and sign for whatever using similarly fraudulent names. 

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