4 ms·
Many stores have lower prices for cash customers, sometimes significantly, so I could just as easily say that credit card customers subsidize my lower prices.
by ken 7y ago
Many stores have lower prices for cash customers, sometimes significantly, so I could just as easily say that credit card customers subsidize my lower prices. Free "miles" are nice (if you fly), but cash is always more valuable than scrip.
- robjan 7y agoOffering lower prices to cash customers usually violates the agreement between the merchant and the card network.
- sokoloff 7y agoThat was never the case AFAIK. “Discount for cash” was prevalent before the rule change in January 2013 which allowed surcharges on credit card transactions. https://www.mastercard.us/en-us/merchants/get-support/merchant-surcharge-rules.html https://www.mastercard.us/en-us/merchants/get-support/mercha...