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As ‘Buy Canadian’ grows, more US companies say retailers turning away their products
(www.reuters.com)
this post was submitted on 31 Mar 2025
263 points (100.0% liked)
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No, cashback is literally a "use this credit card and we'll give you 1% of your money back as a reward" then they charge the vendor 3% to process the transaction.
Oh, ok.. gosh... Thanks for explaining.
but you can easily get more than 1%. You can easily get 4% for stuff like gas and groceries. It adds up to quite a bit over the course of a year
Yes and no, those rewards increase the prices charged by the retailer.
Then the credit card company's ban charging extra to cover that.
It's inherently a monopolistic exploit.