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Will a significant portion of the American public soon return to using old-fashioned cash currency, driven by some combination of merchant fees on card transactions or concern about government monitoring of personal activity and possible retaliatory consequences?
I first saw a “convenience fee” (1% – 3%) added to credit card and debit card transactions at local businesses (mostly restaurants) during the 2020 Covid-oriented restrictions on businesses. OK. I understand. The business is desperately trying to cope with the shock of the sudden loss of revenue.