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They do, in fact, make agreements with merchants to lock out other forms of payment. It isn't universal, true. They also contractually forbid merchants from ta
by _jal 6y ago
They do, in fact, make agreements with merchants to lock out other forms of payment. It isn't universal, true.
They also contractually forbid merchants from taking actions that could make the fee more apparent to consumers, which drives up prices for non-credit customers, although there isn't a direct analog for Apple I can think of.
- kelnos 6y ago> They also contractually forbid merchants from taking actions that could make the fee more apparent to consumers Has this changed over time, though? I often see a lot of brick-and-mortar merchants advertising different prices for cash/debit vs. credit. I probably see it most often at gas stations, but I see it in regular retail stores and restaurants sometimes as well. I moved to a new house earlier this year and even the movers offered a lower price for cash.
- odshoifsdhfs 6y agoA lot of the 'discount' for cash is not really because of the credit card fees but if only 10% of the folks that pay cash don't ask for a receipt, they are pocketing serious money that isn't taxed (at least it is in my country)
- mdlman 6y agoDefinitely. In the U.S. at least, there were literally laws in place prohibiting merchants from mentioning credit card surcharges or changing prices accordingly, although details varied by state. Supreme Court ruled against one a few years ago on a free speech basis [1]. Now more, if not all, are being challenged. [1] https://www.lexology.com/library/detail.aspx?g=c1069ffd-dafb-48a1-af14-b75c908244bf https://www.lexology.com/library/detail.aspx?g=c1069ffd-dafb... (hopefully the link works)