News
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no matter what i buy at the grocery store, my money goes to the grocer.
If were being pedantic, if you purchase with a card your money actually goes to the bank, who transfers it to Visa, who transfers it to the grocer. The grocer restocks the item you purchased, transferring a portion of your money (less all the upstream overhead/fees) to the manufacturer of your purchased good.
If people stop buying products with a harmful supply chain, grocers stop stocking it. They're not just putting processed deli meat on the shelves because they think meat bricks look cool.
To be super pedantic, no, ownership of your money never transfers to visa. When your card is swiped (tapped, whatever) visa (or mc or Amex or whoever else) facilitates communication between your bank and the merchant's bank, but no money moves yet. At the end of the day the merchant settles out those transactions, but that's still just data. The money moves typically a day or two later, and that is done directly between the customer and merchant's bank. Source: worked in credit card processing for ~9 years.
TIL! thanks for that!