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The Water Cooler
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I am always so shocked that people don't know this ... 🤔
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<blockquote data-quote="wawazat" data-source="post: 3938408" data-attributes="member: 35603"><p>The other part of this whole thing to keep in mind is how many companies skim money from a transaction made with a credit card or gift card. My wife worked on a project for some stuff involving these types of transactions and it was pretty eye opening. It also explained why my Christmas bonus from work comes on a Visa gift card. The company actually gets a bit of a kickback to incentivize them to purchase the gift cards to begin with. </p><p> </p><p>It isn't something I would throw a tantrum over at all, but it does make me feel bad for the businesses accepting the payment and how much money gets pulled away by the time they get a deposit in their account.</p></blockquote><p></p>
[QUOTE="wawazat, post: 3938408, member: 35603"] The other part of this whole thing to keep in mind is how many companies skim money from a transaction made with a credit card or gift card. My wife worked on a project for some stuff involving these types of transactions and it was pretty eye opening. It also explained why my Christmas bonus from work comes on a Visa gift card. The company actually gets a bit of a kickback to incentivize them to purchase the gift cards to begin with. It isn't something I would throw a tantrum over at all, but it does make me feel bad for the businesses accepting the payment and how much money gets pulled away by the time they get a deposit in their account. [/QUOTE]
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I am always so shocked that people don't know this ... 🤔
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