Quote from: lay785 on July 02, 2014, 05:31:58 AM

Quote from: dropt on July 02, 2014, 04:41:52 AM

Quote from: lay785 on July 02, 2014, 04:01:20 AM

What the heck are you talking about, ive been getting all these benefits "for free". I have never paid a dime to any credit card company. No annual fees, no charges, nothing... I have all the above "totally free". If you have never heard about these things you should do some research.

You absolutely have, you just aren't aware of it. Merchants are charged fees by the CC processors and those are passed onto you, the customer. Don't think you're not paying for that shit one way or another just because you don't see the charge first hand.

Maybe there is a markup to make up for transaction fees. The point that Im making is that the merchants charge the same price whether you pay by cc or cash or bitcoin. At least I get a few % cashback + other benefits and it basically negates any markup. You pay the same price with bitcoin and get no benefits.

Therefore unless bitcoin payments get some sort of discount youd have to be pretty stupid or paranoid about the nsa snooping on you to pay via bitcoins...

SOME merchants charge you the same, but not all. Here I always buy computer parts with cash because I have to pay at least 2% extra with CC, and that could not cover those CC "benefits". For those merchants who charge you the same, the price is usually less competitive.