BlameThePeacock comments on As ‘Buy Canadian’ grows, more US companies say retailers turning away their products

As ‘Buy Canadian’ grows, more US companies say retailers turning away their products (www.reuters.com)

submitted 2 years ago by RandAlThor@lemmy.ca to c/canada@lemmy.ca

30 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] BlameThePeacock@lemmy.ca 10 points 2 years ago (3 children)

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.

permalink

fedilink

source

parent

hideshow 3 child comments

[–] Chee_Koala@lemmy.world 2 points 2 years ago

Oh, ok.. gosh... Thanks for explaining.

permalink

fedilink

source

parent

[+] Hastur@lemmy.ca 1 point 2 years ago* (last edited 1 year ago) (1 child)

[deleted]

permalink

fedilink

source

parent

hideshow 1 child comment

[–] BlameThePeacock@lemmy.ca 1 point 2 years ago

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.

permalink

fedilink

source

parent