Justice Department accuses Visa of debit network monopoly that impacts price of 'nearly everything’

paf0@lemmy.world to News@lemmy.world – 779 points –
Justice Department accuses Visa of debit network monopoly that impacts price of 'nearly everything’
cnbc.com
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A liqor store near me offers 5% off if you use cash or debit.

This also became trend for locally owned restaurants around me recently. From pizza shops to fine dining.

Whenever I see a restaurant or other small business doing this, I always assume it's to hide revenue and avoid taxes.

In the past I thought the same, but combined with recent inflation I can see why restaurants want to pass on a discount to the consumer.

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