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Why would retailers care? They are not making money from the payment information; the credit card company is. Further, they're not making money from the fact th
by a3_nm 9y ago
Why would retailers care? They are not making money from the payment information; the credit card company is. Further, they're not making money from the fact that people use the credit card; it's again the credit card company. I don't think that adding a surcharge for cash purchases (or, more realistically, a "discount" to credit card purchases) would make much sense economically? (Except in situations where handling cash is especially inconvenient, e.g., buses, vending machines, etc.)
- jonknee 9y agoRetailers definitely make money by tying together transactions (easy with cards, impossible with cash). That's why loyalty cards exist.