3 ms·
The merchants would probably love to do that if cash handling related costs were lower.
by vardump 8y ago
The merchants would probably love to do that if cash handling related costs were lower.
- ahartmetz 8y agoTheir contracts with credit card companies forbid different prices for credit card and cash. It's slightly insane IMO.
- deleted 8y ago[deleted]
- ensignavenger 8y agoThat used to be true, but it was ruled illegal and so it is not anymore. See https://www.washingtonpost.com/business/capitalbusiness/as-rules-change-more-retailers-offer-discounts-for-cash-payments/2013/06/29/d4c84d7a-dcfc-11e2-bd83-e99e43c336ed_story.html?noredirect=on&utm_term=.6e45a190c290 https://www.washingtonpost.com/business/capitalbusiness/as-r...
- senderista 8y agoI had around $25K stolen via a skimmed debit card from my Chase checking account (in a few hundred separate transactions). I finally noticed after about 6 weeks; they never did until I told them. This despite the fact that all the fraudulent transactions took place at least 100 miles from my residence, some as far as 2000 miles away. I did get all my money back eventually, but it took a month or two and a ton of back-and-forth in person and on the phone to sort out the bad transactions from the good ones (mostly due to their lack of attention to detail). I stopped using debit cards after that (and started monitoring my daily balance).