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Pro tip: if you go to a Chinese restaurant that offers credit card payments, counteroffer with cash and you can get a discount as high as 10%.
by chrischen 8y ago
Pro tip: if you go to a Chinese restaurant that offers credit card payments, counteroffer with cash and you can get a discount as high as 10%.
- nebolo 8y agoCredit card fees are about 2-3%. So if they are doing this, it must come from not charging tax.
- chrischen 8y agoThey are doing this. Also, there are fees from credit card fraud as well to factor in.
- Wowfunhappy 8y agoI was under the impression that was factored into the 2–3%. Not true?
- chrischen 8y agoMerchants are usually liable for fraud losses (both the loss in good or services + a fee imposed by the bank for the privilege...). This is on top of the transaction costs. Those transaction costs do not cover fraud liability or losses.
- amalag 8y agoYup a small chunk of off the book income which goes straight to cash is worth 10% to them
- deleted 8y ago[deleted]