Crypto 360°

Friday, 29 November 2019

Terrible credit card companies nickel and diming people to death, they do it everywhere more often than we know.

So, for a few years, our vending company at work had a device on the machine named PayRange. With PayRange, you could put, say $10 credited to your account, paid for with your credit card. Now that it's in your account, the device on the machine allows you to easily buy stuff, no fees incurred. I used the account for a couple of years and it worked pretty good most of the time. A lot of it is cell based and we have a large metal building so it would take a few tries sometimes, but it always worked. I liked PayRange, it was a good custodial app for the vending machines. No worrying about change in your pockets and whatnot. Until now.

Now, recently, they've taken off all of the PayRange and went to credit cards and Apple/Google pay. Each transaction with the card or pay system charges the user and extra $.05 This is outright ridiculous if your multiplying it by multi-millions of transactions per year that they're being used.

The amount of fees they can wrack up per year by charging $.05 on a $60-$1.50 item ever time is crazy. It's convenient, but that's quite the price I, and millions of others, shouldn't have to pay if we didn't before.

I can't wait for the day that we have stable crypto or anything better that may come along on our machines and everything else to further society and stop feeding these hogs. Ingenico and the people like this payment provider on the machines are the real ones that have to adopt crypto because they're the ones that control nearly ALL in-store transactions. Look at the name on every machine that you swipe, insert, or tap. There aren't many manufacturers widely used and I'd say they, more than most, know where the markets are going.

I went to the hardware store in town a couple of weeks ago and took a pic of one of the machines that had a post-it taped to it saying they had to charge $x because of fees.

Sorry for the rant. Once alive, it never dies! Forever Live Crypto!

submitted by /u/Cow_Bell
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source https://www.reddit.com/r/btc/comments/e39a52/terrible_credit_card_companies_nickel_and_diming/