Old Jul 13, 11, 11:48 am
  #15733  
Stoughton
 
Join Date: May 2010
Posts: 2,996
Originally Posted by Explore View Post
It's going to take some time for Congress to adjust the program. But the credit card companies could start treating these purchases as cash equivalent transactions tomorrow. Hope it doesn't happen, but the visibility's been raised....
Why would they? Right now they make a % off every purchase, and then the interest if someone is foolish with the coins. If they change it to a CA, sales will go to 0 and they lose that revenue stream.

This is a GREAT program for the CC companies.
Stoughton is offline