The Motley Fool Discussion Boards

Previous Page

Financial Products & Services / Online Banking


Subject:  Re: VISA/Mastercard Suit Date:  6/14/2002  6:15 PM
Author:  Azotic Number:  17148 of 24357

I'd said:

I don't like paying these fees. Would prices on many items be 1 or 2 percent less if credit cards didn't charge that fee? Perhaps, but that aspect of the picture isn't going to change. I just hate paying these fees that everyone wants to line up to assess when I elect to type in my PIN number.

And galagan said:

Then don't type in your PIN number. :)

But that's the point... the merchants are suing for the right to force me to do what's cheapest for them, while the banks are using economic pressure to try to get me to do what's most favorable financially for them. If I don't get to use the card, then I may well spend less and Visa/MC get no fees, which isn't good for anyone, except perhaps me. :-)

-- Mark

Copyright 1996-2021 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us