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By Frank Hovis
Credit card fees have always made sense for me; if the retailer has to pay more for a credit card transaction than a debit card one then they can pass this extra charge on. This seems eminently both transparent and fair.
This is now banned under the usual spurious weasel words of "transparency and fairness" when it is the exact opposite thereof.
The motivation seems to be to hurry the take up of payment cards like that Tuxedo one, which was Tesco's only option for temps' pay this Christmas, and the normalisation of their charges so that we get to the point of people paying everything on these, a cut and record taken of every purchase, and one more person not using cash.
The underlying aims of this being control, monitoring, and people routinely spending themselves into debt which they wouldn't do if they were dealing in cash. So pay day loans aplenty as everyone becomes one pay check away from bankruptcy. Compliant slaves.
I will be looking out for any retailer brave enough to follow the places who banned certain high charging credit cards - Amex, Diners - rather than up the prices for all of their customers.
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