UnThreaded | Threaded | Whole Thread (23) | Ignore Thread Prev | Next
Author: vtaeger Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308848  
Subject: Re: Surcharge for Using Credit Card?? Date: 5/15/1998 6:08 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
It has been said that there's a "cash discount" because the merchant does not have to pay 2% to the CC company.
But there are also costs to handling cash, e.g. the
cost of theft, paid for as insurance, security guards and accounting systems.

I have no idea if the cash is more expensive to handel than CCs, but the answer would affect whether people "deserve"
a discount for using cash.

At least a few merchants prefer cash because it lets them cheat on taxes.
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

Announcements

TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Saul's Investing Discussions

Why Did I Buy a Bunch of PFIE Today?
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 "#1 Media Company to Work For" (BusinessInsider 2011)! 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.
Advertisement