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1. Embed this notice
   Dan Goodin (dangoodin@infosec.exchange)'s status on Saturday, 18-Jan-2025 02:21:24 JST Dan Goodin

   If you're choosing locally owned businesses for your coffee, groceries or other things, kudos for supporting alternatives to corporate-owned outlets. A reminder that paying with cash allows them to keep the full proceeds rather than sharing them with moneygrubbing banks and payment processors.

   • kuteboiCoder likes this.
   • Embed this notice
     Rocketman (slothrop@chaos.social)'s status on Saturday, 18-Jan-2025 04:27:16 JST Rocketman

     in reply to

     • Sophie Schmieg
     • Femme Malheureuse

     @sophieschmieg @femme_mal @dangoodin Amex seems to be good at catering to large companies.

     My work credit card is from Amex.

   • Embed this notice
     Sophie Schmieg (sophieschmieg@infosec.exchange)'s status on Saturday, 18-Jan-2025 04:27:17 JST Sophie Schmieg

     in reply to

     • Femme Malheureuse

     @femme_mal @dangoodin why is American Express even a thing? I don't know any stores that support it, and this fees table kind of shows why.

   • Embed this notice
     Dan Goodin (dangoodin@infosec.exchange)'s status on Saturday, 18-Jan-2025 04:27:18 JST Dan Goodin

     in reply to

     So many responses from people trying to find reasons to hold onto their payment cards. Fine, go ahead. Have your purchases, contacts and whereabouts permanently stored and tracked. Just don't lecture anyone about the dangers of unencrypted comms or website tracking.

   • Embed this notice
     Femme Malheureuse (femme_mal@mstdn.social)'s status on Saturday, 18-Jan-2025 04:27:18 JST Femme Malheureuse

     in reply to

     @dangoodin Because replies don't appear to know this, credit and debit card transactions cost merchants on average between 1.5-3.5% of sales price.

     PayPal is higher, IIRC.

     Chart from NerdWallet:
     https://www.nerdwallet.com/article/small-business/credit-card-processing-fees

   • Embed this notice
     Dan Goodin (dangoodin@infosec.exchange)'s status on Saturday, 18-Jan-2025 04:27:19 JST Dan Goodin

     in reply to

     privacy is another good reason for paying with cash. What's the point of using encrypted comms or ad blockers or taking other privacy-preserving measures and then buying everything with a payment card? Payment cards allow data brokers to track every purchase you make, every business you visit and when. When you split a check with someone else, it lets them know who your friends and coworkers are. The amount of privacy lost using payment cards is astounding.