Row 12984

Row ID: 12984 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 12984 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

Okay let's try to explain this a different way. At best, your money is just going in a circle with stops in other people's or businesses accounts, the last and biggest of which (your credit card company) they're probably making interest on.

You say you're paying less because you get cash back right? Wrong. You along with EVERYONE else is paying more, especially on small purchases. Yes you may technically pay less at checkout when you factor in the cash back but the business that sold it to you also factored in the cash back and other cc transaction fees like per-swipe or even worst case manual entry (costs more) and added it in to their price. Just because someone who pays cash doesn't get 2% back doesn't mean you won, it means you lost a little less. And in the meantime, before you manually cash out those funds or they're automatically transferred at the end of the month it sits in the CC company's bank account along with every other customer's making them money and not you.

I literally used to price retail on products ranging from under a dollar to tens of thousands of dollars. Formula was basically margin + cc fees then round up. Items I sold for $1 could have been $0.65 instead but per-swipe fees gonna do their thing.

FieldValue
text Okay let's try to explain this a different way. At best, your money is just going in a circle with stops in other people's or businesses accounts, the last and biggest of which (your credit card company) they're probably making interest on. You say you're paying less because you get cash back right? Wrong. You along with EVERYONE else is paying more, especially on small purchases. Yes you may technically pay less at checkout when you factor in the cash back but the business that sold it to you …
label r/tech
dataType comment
communityName r/tech
datetime 2024-05-20
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Raw Record

{
  "text": "Okay let's try to explain this a different way. At best, your money is just going in a circle with stops in other people's or businesses accounts, the last and biggest of which (your credit card company) they're probably making interest on.\n\nYou say you're paying less because you get cash back right? Wrong. You along with EVERYONE else is paying more, especially on small purchases. Yes you may technically pay less at checkout when you factor in the cash back but the business that sold it to you also factored in the cash back and other cc transaction fees like per-swipe or even worst case manual entry (costs more) and added it in to their price. Just because someone who pays cash doesn't get 2% back doesn't mean you won, it means you lost a little less. And in the meantime, before you manually cash out those funds or they're automatically transferred at the end of the month it sits in the CC company's bank account along with every other customer's making them money and not you.\n\n I literally used to price retail on products ranging from under a dollar to tens of thousands of dollars. Formula was basically margin + cc fees then round up. Items I sold for $1 could have been $0.65 instead but per-swipe fees gonna do their thing.",
  "label": "r/tech",
  "dataType": "comment",
  "communityName": "r/tech",
  "datetime": "2024-05-20",
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