fne8w2ah@lemmy.world to News@lemmy.worldEnglish · 5 months agoUS judge OKs Visa, Mastercard $38 billion swipe fee settlementwww.reuters.comexternal-linkmessage-square6linkfedilinkarrow-up140arrow-down10
arrow-up140arrow-down1external-linkUS judge OKs Visa, Mastercard $38 billion swipe fee settlementwww.reuters.comfne8w2ah@lemmy.world to News@lemmy.worldEnglish · 5 months agomessage-square6linkfedilink
minus-squareTriumph@fedia.iolinkfedilinkarrow-up3·5 months agoNone of this is about consumers. It’s all about divvying up the gouge among businesses.
minus-squareZedstrian@sopuli.xyzlinkfedilinkEnglisharrow-up1·edit-25 months agoUltimately costs still get passed onto consumers, so regulating the predatory pricing practices of as many vultures as possible helps.
minus-squareTriumph@fedia.iolinkfedilinkarrow-up2·5 months agoCosts do, savings do not. It’s disingenuous to say that lower costs save customers money. While technically true, consumers always pay and owners always take a fat skim.
None of this is about consumers. It’s all about divvying up the gouge among businesses.
Ultimately costs still get passed onto consumers, so regulating the predatory pricing practices of as many vultures as possible helps.
Costs do, savings do not. It’s disingenuous to say that lower costs save customers money. While technically true, consumers always pay and owners always take a fat skim.