Originally Posted by
Boraxo
Completely off the rails now. This will do more to kill credit card use than anything else.
It'll kill debit card use, too, unless the networks strictly enforce the "no surcharges for debit" rule. Though considering how much stores dislike Visa and MC in general, that might be an acceptable result for them.
Originally Posted by
Boraxo
wonder what will happen when IRS calculates increased loss due to tax evasion from unreported cash payments?
While there is definitely tax evasion going on, I don't think it'll be that much more if everyone goes back to cash. After all, a lot of the places that traditionally didn't take cards in the past (e.g. tradespeople) were/are still fine with other payment methods that have a paper trail (e.g. checks).