I was told the other day that the people most likely to choose to avoid the extra 2.5% fees are the wealthier.
In New Zealand, most low margin business (like cafes) ask you to accept an ~2.5% transaction fee (if you use a credit card or paywave). You can avoid the fee by using a debit card with a chip.
I'm unsure what choice the poorer make. If you're actually low income, maybe you don't go to cafes.
I did notice that a thrift store didn't charge the extra 2.5%: so perhaps poorer people have more pressure to use cards with fees?
Amex is noted for its high fees - so perhaps it is a bathtub where only the middleclass care.
When you have to care for money, visibility doing so feels like exposing weakness. But when you care for the little amounts while it's clear that this is unrelated to need, it turns into showing off a quality.
In New Zealand, most low margin business (like cafes) ask you to accept an ~2.5% transaction fee (if you use a credit card or paywave). You can avoid the fee by using a debit card with a chip.
I'm unsure what choice the poorer make. If you're actually low income, maybe you don't go to cafes.
I did notice that a thrift store didn't charge the extra 2.5%: so perhaps poorer people have more pressure to use cards with fees?
Amex is noted for its high fees - so perhaps it is a bathtub where only the middleclass care.