Simo on Nostr: A card surcharge ban sounds good on paper, but watch what happens next. From October ...
A card surcharge ban sounds good on paper, but watch what happens next.
From October 1, businesses still have to pay the banks' fees, so they'll just bake that cost into the price of every good. The fee doesn't disappear—it gets hidden, and now everyone pays it, including those who use cash.
Banks donate to the politicians who write the rules. Nothing's free.
So much for reducing cost-of-living pressures. The people who could least afford the extra cost are the ones who end up wearing it.
October 1. They lie again.
Same old story: promise one thing, deliver another.
Published at
2026-07-27 02:23:11 CESTEvent JSON
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"content": "A card surcharge ban sounds good on paper, but watch what happens next.\n\nFrom October 1, businesses still have to pay the banks' fees, so they'll just bake that cost into the price of every good. The fee doesn't disappear—it gets hidden, and now everyone pays it, including those who use cash.\n\nBanks donate to the politicians who write the rules. Nothing's free.\n\nSo much for reducing cost-of-living pressures. The people who could least afford the extra cost are the ones who end up wearing it.\n\nOctober 1. They lie again.\n\nSame old story: promise one thing, deliver another.",
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