@Super Testnet saw a post by you on Twitter talking about how credit cards don't charge for loans unless repayment is late so why should Bitcoin loan orgs? But CCs do charge 1-5% to the seller for the initial ~30 day loan period, which is equivalent to a 13% to 80% APR if you were to compound that period 12x in a year. That's about the same rate as Bitcoin loans.
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> But CCs do charge 1-5% to the seller for the initial ~30 day loan period
Are you talking about the balance transfer? I'm looking at this credit card ad from Bank of America and the only time it mentions a 1-5% initial fee is if you apply for their card and then transfer a balance-due from an old credit card to the new one:
I also asked an LLM if credit cards charge interest to the seller for the initial loan period, and it says no


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No, when you buy something for $100, the merchant only receives $95 to $99. The bank keeps the difference.