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It would be anon I bet, but so is Facebook sharing supposedly.
Yeah right and the sky is purple. This "anonymous" tracking will just allow even more invasive advertising and every six months or so everyone's info will be hacked. If you used your phone to buy a Starbucks, the next time you use google maps and drive by a Starbucks your phone will ring and it will be a popup ad on your phone. Information is incredibly valuable in this day of advertising encroachment on our personal lives.
Same type of thing with how google "anonymously" reads your emails and sends targeted ads right to your computer screen.
Your average merchant will pay 2.25% - 3.5% plus $.25 - $.50 of each transaction in credit card fees. So that $1.29 bottle of Pepsi? The merchant gets about $.74 - $1, before cost.
You are right. Accessing modern conveniences puts us into the realm of struggling with privacy all the time.
It does get tiresome.
Yeah, also fellow FB hater here. I've never joined any of the 'social' sites. These technological advances are definitely a double edged sword. Better convenience, but yes privacy become more and more of a concern. Maybe younger folks won't care as they grew up using social media. I don't fit that category however.
Is it THAT difficult to dig in your wallet for money or (gasp) a credit/ debit card?
I got 12 Starbucks gift cards from my students this year ranging in value from $5-$40. If I had to carry them all and keep track of the balances I (or the people behind me in line) might go nuts. The app is easier for everyone.
As for the debit card ones, I am thinking about switching to it because it automatically enters it into my checkbook for me.
$1.29 minus 2.25% = about $1.26
$1.29 minus 3.5% = about $1.25
The lowest value would be $1.25 minus $.50, or about $.75.
The highest value would be about $1.26 minus $.25, or about $1.01
Of course, the actual per-transaction fee and percentage varies by processor. Some processors charge low percentages with high fees, and vice versa ... and others charge low fees with low percentages.
So depending on the cost of their card processor, the retail merchant would take somewhere between $.75 and $1.01 on that $1.29 bottle of soda.
I may work for the government, but I stand by my math.
I got 12 Starbucks gift cards from my students this year ranging in value from $5-$40. If I had to carry them all and keep track of the balances I (or the people behind me in line) might go nuts. The app is easier for everyone.
As for the debit card ones, I am thinking about switching to it because it automatically enters it into my checkbook for me.
I actually tried the starbucks wave to pay app on my phone and found it slower and more tedious than waving my RFID credit card.. hence this rant.
Quote:
Originally Posted by DrEarth
Pretty soon, all you will have to do is wave your hand under the scanner to access the chip implant.
$1.29 minus 2.25% = about $1.26
$1.29 minus 3.5% = about $1.25
The lowest value would be $1.25 minus $.50, or about $.75.
The highest value would be about $1.26 minus $.25, or about $1.01
Of course, the actual per-transaction fee and percentage varies by processor. Some processors charge low percentages with high fees, and vice versa ... and others charge low fees with low percentages.
So depending on the cost of their card processor, the retail merchant would take somewhere between $.75 and $1.01 on that $1.29 bottle of soda.
I may work for the government, but I stand by my math.
You're right, for whatever reason "merchant" in my mind mapped to "credit card companies" - not the person actually selling the item.
Sorry
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