4 ms·
"not liable for paying it," but you're still paying it at the end of the day via fees and increased merchant prices
by vinniejames 6y ago
"not liable for paying it," but you're still paying it at the end of the day via fees and increased merchant prices
- ferzul 6y agoif the merchant doesn't charge a creditcard surcharge, and using a credit card is worth 1€ to me, and costs 1.01€/transaction to the merchant. but only 90% of transactions are by credit card. well, then i am better off paying by credit card, since 10% of transactions are subsidising my 1€. (strangely, in australia, card surcharges became normalised just before cash payments fell off a cliff. credit card transactions have also declined; it's visa/mc debit that have skyrocketed.)
- sukilot 6y agoA credit card costs about 3% not 1%. A credit card is a prisoner's dilemma problem where once anyone uses it, the others are pressured to use it also to cut their losses.