MasterCard & Visa charge a merchant fee to the seller, meaning a percentage of each transaction made using these cards goes to the American credit companies directly, thereby contributing to the US economy.
Exactly. Essentially, about 1% of every dollar spent in Canada using an American credit card goes straight to the US like a tax. People should spread awareness about this.
What? Someone please educate me. I “always” use MC to pound points. I always pay CC off every month. How is this sending money to U.S.??
MasterCard & Visa charge a merchant fee to the seller, meaning a percentage of each transaction made using these cards goes to the American credit companies directly, thereby contributing to the US economy.
Exactly. Essentially, about 1% of every dollar spent in Canada using an American credit card goes straight to the US like a tax. People should spread awareness about this.