Payments are so backwards.

The seller, who cannot influence how the buyer pays, have to pay the payment handling fee.

This is unnatural. Nature strives to be sustainable. But if the person decides how to pay, who is not influenced by the payment method/costs, how will it every be efficient?

I think this is done for profit maximalization. People will pay with the most convenient method, until all methods cost the same for them. So if you make the most comfortable method the most expensive, you make huge profits.

But then, why would a payment alternative arise, if this method maximizes profit for payment handling?

Easy.

Market share.

If you make a payment method, that is cheaper, and people start to use it, you will drive them out from competition.

Then, why would people change to a different payment method, if for them it costs more?

I think this change has to be driven by merchants, because they are the "victims". They have to pay something they shouldn't have to otherwise.

And they could drive adoption, by giving a cashback for those who use their new favourite payment method. And if the new payment method is cheaper, they can still earn the same money, but drive adoption.

#grownostr #plebchain #idea