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Reply to @kaia@pleroma.soykaf.com
QCCEクリス@QCCEChris@mastodon.social (2026-10-01 20:15:10)
@kaia I think how it works is the Banks charge businesses 1.5%–3% fees for all transactions done on the device that uses paypass. So if the device comes from CommBank, CommBank makes a bank off of transactions from all businesses using their Passpass machine (despite no costs or very limited costs involved— just a way to make money— in business parlance, efficiency).
So, the businesses, to keep them sustainable, pass those charges on to us, either through fees or increased product prices.
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Kaia@kaia@pleroma.soykaf.com (2026-10-01 20:16:45)
@QCCEChris handling cash also costs money though - counting, dropping off at bank, getting change etc

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lain@lain@lain.com (2026-10-01 20:21:55)
@kaia @QCCEChris banks charge fees for putting your money into your account if you're a business. cards are generally cheaper for the shop to handle.