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0 pointspsychlops3y ago0 comments

When losses are socialized, fraud is someone else's problem.

0 comments

Yes, which is a big reason to use credit cards.

maest3y ago

You're still paying for the cost of fraud, so it's not really someone else's problem.

If I do not have a choice to pay a lower price without fraud protection, then it makes no difference.

If the merchant charges extra for credit card purchases, then it becomes something to consider.

Until annual card-related expenses reach the equivalent of paying someone to personally guard your money, it's immaterial.

j / k navigate · click thread line to collapse

Yes, which is a big reason to use credit cards.

maest3y ago

You're still paying for the cost of fraud, so it's not really someone else's problem.

If I do not have a choice to pay a lower price without fraud protection, then it makes no difference.

If the merchant charges extra for credit card purchases, then it becomes something to consider.

Until annual card-related expenses reach the equivalent of paying someone to personally guard your money, it's immaterial.

j / k navigate · click thread line to collapse