Paying in installments is cultural (buy now, pay later, auto financed in 12 months).
Pix will add this in the next months.
I bought my Nintendo Switch 2 in 10x monthly payments, but I already paid back to the back and they gave me back the interest and some cashback as well.
So there's a lot of flexibility by using Credit Cards currently.
Also the idea of cashbacks and travel "miles" is widespread among the middle and upper middle class.
But for instance I'm getting some good deals where is better to get a discount on the nominal price than getting the cashback and so on.
It depends on the merchant.
The smaller merchants are definitely the bigg winners, since they don't have so much leverage negotiating card fees with banks.
But at least here in my city, smaller sellers and shops are still not managing properly, they ask you to show a receipt that can be forged, instead of asking their banks how to confirm transactions instantly from their side (yes they do have products for that where they pay a bit more, but still nowhere near the credit card fees).
So the usual. Merchants and business owners without a vision wants the employees to check all transactions, but don't provide adequate tools.
In some transactions it ends up taking more time because the merchant is still uneducated on how to properly confirm the transactions, then I just ask to switch to credit card.
> But for instance I'm getting some good deals where is better to get a discount on the nominal price than getting the cashback and so on.
Getting a discounted cash price is almost always the better option. They always offer "installments, zero interest" deals which make no economic sense.
If they don't offer a discount, the best option is to max out the zero interest installments on the credit card. Interest rates are 15% per year right now, if they don't offer at least 15% discount it's better to pay in 12 installments and invest the money.
Pix will add this in the next months.
I bought my Nintendo Switch 2 in 10x monthly payments, but I already paid back to the back and they gave me back the interest and some cashback as well.
So there's a lot of flexibility by using Credit Cards currently.
Also the idea of cashbacks and travel "miles" is widespread among the middle and upper middle class.
But for instance I'm getting some good deals where is better to get a discount on the nominal price than getting the cashback and so on.
It depends on the merchant.
The smaller merchants are definitely the bigg winners, since they don't have so much leverage negotiating card fees with banks.
But at least here in my city, smaller sellers and shops are still not managing properly, they ask you to show a receipt that can be forged, instead of asking their banks how to confirm transactions instantly from their side (yes they do have products for that where they pay a bit more, but still nowhere near the credit card fees).
So the usual. Merchants and business owners without a vision wants the employees to check all transactions, but don't provide adequate tools.
In some transactions it ends up taking more time because the merchant is still uneducated on how to properly confirm the transactions, then I just ask to switch to credit card.