Merchants are starting to surcharge credit card transactions to push the fees onto customers (rightfully so). If you want credit card benefits, you can still get them, you just have to pay for them.
This bifurcates the payment choice, so people who don't want these conveniences can avoid the cost (instead of all of us having to pay for it through internalized interchange costs) but those who do can continue to receive those benefits at their own cost.
Walmart notably filed public comments in support of FedNow [1], and they are working internally to support these rails to avoid credit card network costs.
This bifurcates the payment choice, so people who don't want these conveniences can avoid the cost (instead of all of us having to pay for it through internalized interchange costs) but those who do can continue to receive those benefits at their own cost.
Walmart notably filed public comments in support of FedNow [1], and they are working internally to support these rails to avoid credit card network costs.
[1] https://news.ycombinator.com/item?id=36012866