12-15-2021, 03:43 AM
"But Paying with Paypal/CreditCard is Feeless": No, these Large Companies Steal up t
<!-- SC_OFF --><div class="md"><p>"But paying with Paypal or CreditCard is feeless in comparison to Crypto"</p> <p>No, these large companies take up to 4% of all income, even from small local businesses, as "transaction fee".</p> <p>You do not directly pay these fees, but you can be sure the business is adding these expenses to the price they charge you.</p> <p>Why there is no outcry about this silent tax? Most consumers dont even know that they pay these fees indirectly, politicians dont care about it because you should already guess why</p> <p>Cryptocurrencies like XLM offer true nearly $0 transaction costs, for everyone.</p> <p>The argument that transaction costs would scare people away from some Cryptocurrencies is only true because we dont hide it from them</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Dwez1337"> /u/Dwez1337 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rg914t/but_paying_with_paypalcreditcard_is_feeless_no/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rg914t/but_paying_with_paypalcreditcard_is_feeless_no/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>"But paying with Paypal or CreditCard is feeless in comparison to Crypto"</p> <p>No, these large companies take up to 4% of all income, even from small local businesses, as "transaction fee".</p> <p>You do not directly pay these fees, but you can be sure the business is adding these expenses to the price they charge you.</p> <p>Why there is no outcry about this silent tax? Most consumers dont even know that they pay these fees indirectly, politicians dont care about it because you should already guess why</p> <p>Cryptocurrencies like XLM offer true nearly $0 transaction costs, for everyone.</p> <p>The argument that transaction costs would scare people away from some Cryptocurrencies is only true because we dont hide it from them</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Dwez1337"> /u/Dwez1337 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rg914t/but_paying_with_paypalcreditcard_is_feeless_no/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rg914t/but_paying_with_paypalcreditcard_is_feeless_no/">[comments]</a></span>Kind Regards R