Thread: Happy New Year
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Dave Smith[_1_] Dave Smith[_1_] is offline
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Default Happy New Year

On 2016-01-04 11:01 AM, Janet wrote:

>> Sure it cost you. Fraud and theft costs all of us. The CC company took
>> the hit, but it is reflected in the price we pay.

>
> ? I pay nothing for using debit and credit cards.


You don't get a bill, but they get their money from transaction fees and
interest. They take a little bit from all to make up for the losses.
Meanwhile it is the banks who are really gouging everyone. They charge
interest to those who owe them, but pay almost none to those whose money
they are using, and they are making billions off us. The crooks who
steal cards and siphon money from people are small potatoes compared to
the banks.