Buy Canadian

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A community dedicated to buying Canadian products.

Une communauté dédiée à l'achat de produits Canadiens.

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Related communities: Communautés connexes :

!buyeuropean@feddit.uk !buyafrican@baraza.africa !boycottus@lemmy.ca !canada@lemmy.ca !canada@lemmy.ml ___

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636

Let's stop dicking around and talk about ditching something big: Visa and Mastercard (lemmy.ca)

submitted 1 day ago* (last edited 1 day ago) by Albbi@lemmy.ca to c/buycanadian@lemmy.ca

149 comments fedilink hide all child comments

Visa and Mastercard are American companies, and they essentially tax everybody by taking a percentage of purchase prices for themselves. Not exactly a small percentage either, 1.2% to 2.65%. Ever wonder why so many merchants say they don't accept American Express? That's because they charge quite a bit more to merchantes, 50% more than Visa or Mastercard. Anyway, we're letting American companies tax us and we love them because we get rewards when we use cards. But it's just a shell game because we pay more up front because businesses need to charge more to make up for payment processing charges. They get to sit in the middle and rake in the money.

Now the alternative in Canada is Interac. Interac charges a set amount per transcation. How much? 2 to 5.5 cents. Unless you're going through Apple or Google Pay, and then it's a percentage again.

Interac is also Canadian.

Want to stick it to Trump? Stop using credit cards (and Google Pay or Apple Pay) and switch to Interac. Want to make Canada better? Stop using credit cards and switch to Interac. Is it going to be inconvenient? Yes. Online shopping will be much harder but I have seen online Interac payments before and we can ask our favourite Canadian merchants to accept Interac online.

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[–] trolololol@lemmy.world 3 points 14 hours ago (1 children)

Why do companies put money on both parties? If I'm a candidate and they give money to my enemy it's like not giving me money at all right? Right?

[–] Grawlix@leminal.space 1 points 5 hours ago

It may be beneficial for a company to donate to specific senators/representatives which are likely to win races. One notable example is DisneyWorld donates primarily to democrats but always ensure some $$ (bribe?) goes to the republicans who win in Florida.
There's a couple websites out there, but I use this one when finding companies/products to buy from.
https://www.goodsuniteus.com/