In article <
v6nnn8hd3lkn3n6nk...@4ax.com>,
David Carson <
da...@neosoft.com> wrote:
...
>I agree that it isn't going anywhere, but not just because of the
>reason given. It just isn't going anywhere. Some other reasons are
>vending machines, toll booths, and the guy who sells tamales or
>watermelons out of his truck on the side of the road. Credit card fees
>are prohibitively expensive for small transactions.
It *is* going away - it is just a matter of when. And by when, I really
mean that which is really of concern to us, namely: Will it happen during
our lifetimes? FWIW, I think you're about the same age as me, and I don't
think it will go away completely in my lifetime, though its usage will scale
back greatly, to the point of almost non-existence. This is already
happening.
The advent, in the last year or two, of those cute little "square" thingies
that you plug into your cell phone and (Voila!) you are a Visa/MasterCard
vendor, has really changed the game. As I understand it, the overhead for
those is very small, much smaller than the traditional 4%. It seems like
just about every day I see some new person using one - in a business that a
year (or so) back, you couldn't imagine accepting credit cards. Virtually
all of the things listed in this thread (yes, including drug dealing and
panhandling) could easily become credit-card accessible.
Now, going further with this, this is not to say that the final solution is
credit cards, as we currently know them. It might well just be retinal
scans or something similarly high-tech, that makes credit cards look quaint
by comparison.
--
The motto of the GOP "base": You can't *be* a billionaire, but at least you
can vote like one.