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why not ? the market competition still apply right ?

• JoshTriplett 7y ago
  Just as a few of the billion examples: are stores going to go through and change their $3.99 prices to $3.91, and their "3 for $10" prices to $3.27? Are SaaS services going to change their nice round $19/month to $18.62/month? Or are they just going to say "awesome, lower processing fees", and keep their prices the same? Perhaps over the course of decades, new businesses and new products would take the change into account, so it would probably be a net win long-term, but in the short-term, consumers would just lose that 2%. Now, on the other hand, I'd be quite happy to see a prohibition on the credit-card-company practice of preventing merchants from charging a surcharge for credit card use. If merchants were free to charge the consumer whatever the credit card processor charged them, then if you used a credit card with lower processing fees, you'd immediately reap the benefits.
  • matz1 7y ago
    Depending the kind of product and their business strategy, yes they will changes their price. The market competition still apply. If I see one product priced as 3.99 and same quality product priced as 3.98. I will choose the 3.98 like many other people will.