> they have to absorb these fees
absorb and then pass on as general "costs have risen". It's not like it's coming out of their profits, exclusively.
if people could choose Debit card for no fee vs Credit card for 2.5% fee, then customers would reduce their usage of cc for purchases
if people could choose Debit card for no fee vs Credit card for 2.5% fee, then customers would reduce their usage of cc for purchases