Most of us will only get our first credit card when we start working due to the income requirements. A credit card gives you a line of credit that allows you to pay for items in advance and payment is only required at the end of the billing period. The merchant pays a small percentage of their revenue to accept credit cards. The usage of credit cards has indirectly increased the prices we pay at the stores. In this blog, we will take a closer look at the credit card ecosystem and the dilemma of using credit cards. Credit Card Ecosystem Besides the consumer and the merchant, there are multiple participants in the credit card ecosystem. You can take a look at the infographic below for a summary of how the different participants interact with each other.   On the credit card, we can see three of the participants...