Quote:
Originally Posted by Slava
Well surely these fees are already baked in to prices? Realistically, we shouldn’t see an increase. I know we will, and I’m not delusional, but if a business isn’t factoring this in (and hasn’t for the past decade or two), they’re running a pretty poor operation.
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It used to be illegal.
Good example is that AMEX charges merchant fees at ~double+ what MC or VISA charges, all cards charge different rates especially points cards, and it was illegal to charge more based on form of payment which is why places either took AMEX or not.
Ditto as to why Chinese Food places would 'give you a deal' based on how you choose to pay. But mainstream merchants cant really do that.
Another good example is when Universities stopped taking Credit Cards for Tuition for a spell...because they were getting murdered on service charges.