It blows my mind that the use of US credit cards continues. Interac charges somewhere around 0.1-0.2% transaction fee. Meanwhile American credit cards charge 2-3%. They give you 1% as "rewards" to give you the impression that you're not being robbed and they pocket the rest.

Knowing that, I now fully respect vendors who charge a credit card fee to their customers instead of forcing everyone to pay for it through blanket higher prices.

So, there's this other payment system I've heard about. No fees, no purchase tracking, and accepted almost everywhere.

Maybe youve heard of it? It's called "cash"...

MasterCard & Visa charge a merchant fee to the seller, meaning a percentage of each transaction made using these cards goes to the American credit companies directly, thereby contributing to the US economy.