> None of this is at direct cost to the customer Then who do you think is paying... | Hacker News

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Maarten88 on Sept 18, 2015 | parent | context | favorite | on: Candy Japan hit with credit card fraud

> None of this is at direct cost to the customer

Then who do you think is paying for those rewards/cashbacks? Who is paying for the extra warranty? Who is paying for the costs of the chargebacks and the replacement of cards that get stolen by the millions?

The answer could be you, creditcard users who dont pay off in time, or people who use other payment methods. It certainly isn't the banks or the merchant who's paying all this.

pravda on Sept 18, 2015 [–]

It is the merchants. Credit card fees are paid by merchants. It comes out of profits.

toomuchtodo on Sept 20, 2015 | [–]

...which leads to higher prices charged to consumers. Credit cards and their benefits exact a roughly 3% surcharge on ecommerce in the aggregate.

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