this post was submitted on 04 Aug 2025
147 points (99.3% liked)
Tech
1713 readers
608 users here now
A community for high quality news and discussion around technological advancements and changes
Things that fit:
- New tech releases
- Major tech changes
- Major milestones for tech
- Major tech news such as data breaches, discontinuation
Things that don't fit
- Minor app updates
- Government legislation
- Company news
- Opinion pieces
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
the fee is up to the business if they want to pass it onto the consumer or not. the flipside of the service is that digital transactions dont require having to get a guard truck to transfer larges amounts of physical money to the bank. If a business gets a lot of transactions in physical dollars, they are at a much higher risk of being robbed.
its usually why the businesses that pass on the percentage fee to the consumer tend to be small restaurants. There not typically doing high 5 figure/six figure transactions