The costs are often hidden because they are paid by the merchant. -snip-
Dont be naive. The merchants pays for nothing, since all expenses are added to the price of the product the customer pays. Its allways
the customer that
pays the price.
yeah, in a hypothetical situation.. if bitcoin were ubiquitous, the retailers that accept them would probably split the savings with the consumer.. so it's actually the consumer that ends up paying.
i guess that's why VISA gives us so much cashback.. we are actually paying more for the product than we should, but that fact is hidden since it's already included with the price. instead, they make us think we are getting good deals on 1% cashback.