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The same phenomenon applies to credit cards, for which all the merchants bake the processing fees into the prices of goods and services whether you pay with a c
by mac01021 10y ago
The same phenomenon applies to credit cards, for which all the merchants bake the processing fees into the prices of goods and services whether you pay with a card or not.
I'm not sure which instance of this phenomenon incurs the greater cost for most people, though.
- majewsky 10y agoSome shops in Germany require cash below a certain threshold (anywhere between 3€ and 10€) because of card transaction fees (which are in the 5-10 cent range as far as I'm told).