UnThreaded | Threaded | Whole Thread (23) | Ignore Thread Prev | Next
Author: HelloWorld Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 311074  
Subject: Re: Surcharge for Using Credit Card?? Date: 5/14/1998 11:36 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
>> Why do I deserve the lower price? Because I am the customer... <<

Bingo! Couldn't've said it better myself! Merchants don't set the price, the market sets the price. That's why _most_ merchants won't add a surcharge - it makes them less competitive. Whether or not we "deserve" the cash price is moot - the point is we are free to choose who we do business with.

That said, I actually wish I _did_ get a discount for paying cash. PSUEngineerFool accuratley writes "taking CC payments is the cost to companies of doing business...", but, when I pay by cash and don't get a discount, I'm helping the merchant absorb the cost of letting others use the convenience of CCs. Why should I pay for a service I'm not using? Because that's just the way it is. As long as America continues its love affair with the credit card, consumers will demand the ability to use it without paying surcharges.

A colleague of mine from India says that in India credit card surcharges of 1-2% are commonplace. The difference being that CC use isn't nearly as prevalent. Merchants can keep their overall prices lower by charging the rare CC user for the convenience. I guess it's a case of two markets evolving differently.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (23) | Ignore Thread Prev | Next


TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.