I agree with what you’re saying but just wanted to interject with a weird bit of Canadianism. I’ve never found a good way to describe this to non Canadians so if this doesn’t make sense, it’s me.
(This is very pedantic.)
When I pay with a card, I actually have a couple of options. We use the terms ‘debit’ and ‘credit’. I can pull out a credit card and pay for something with someone else’s money. Or pull out a debit card and pay with my own. Debit comes directly out of my bank account and they’re physically different cards, with different chips, PIN numbers etc.
The experiences are identical for me, but dramatically different for poor merchants. The cards are almost identical, but if I use my credit card the merchant gets toasted. If I use my debit card, they’re only lightly browned.
So, long story short but you’re right. It’s the same. I don’t notice because merchants have to pass on the cost.
(This is very pedantic.)
When I pay with a card, I actually have a couple of options. We use the terms ‘debit’ and ‘credit’. I can pull out a credit card and pay for something with someone else’s money. Or pull out a debit card and pay with my own. Debit comes directly out of my bank account and they’re physically different cards, with different chips, PIN numbers etc.
The experiences are identical for me, but dramatically different for poor merchants. The cards are almost identical, but if I use my credit card the merchant gets toasted. If I use my debit card, they’re only lightly browned.
So, long story short but you’re right. It’s the same. I don’t notice because merchants have to pass on the cost.
Thanks friend - this was interesting.