Nostr Web Client

Today, for example, I went to Trader Joe’s and paid with my Fold card because they are currently advertising a 1.8% merchant boost plus a 1% default category boost.

I completed the transaction but I had to enter my PIN, so in the end, and according to the new rules, I only got the 1.8% merchant boost.

Guy Swann 2y ago

Yeah the VISA fees have changed by transaction type. The whole thing (Fold) works on fee arbitrage that they pass on to the customer in sats instead of taking like every card issuer does.

I have no idea why using your PIN or not has a difference. Sometimes the fiat system makes no sense to me. 🤦🏻‍♂️

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Discussion

McMinty119 2y ago

Only sometimes?

paulo 2y ago

It’s just arbitrary.

I know Fold is not to blame for things like stupid PIN thing but Visa (among other things, I’m sure) is degrading their service.

mleku 2y ago

fiat anything inherently contravenes sense.