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I learned something from that so thanks. However, I don't think it gets at this issue. Different credit cards charge different fees and afaik there's no way to
by cheriot 4y ago
I learned something from that so thanks. However, I don't think it gets at this issue. Different credit cards charge different fees and afaik there's no way to pass those on. Offering discounts to not use CCs is a good step, though.
- lotsofpulp 4y agoHow is it not the same thing? Person paying with debit card or cash pays less than if they were to pay with credit card. I guess technically the merchant can do an AmEx discount and a Visa discount or whatever, but it is probably easier to just do a flat percent off for all credit cards (3% to 5%).
- cheriot 4y agoDifferent cards on the same network have different fees Visa Credit Card Swipe Rate (card present) Visa Credit Basic 1.51% + 10¢ Visa Rewards Traditional 1.65% + 10¢ Visa Rewards Signature 2.30% + 10¢ Visa Rewards Signature Preferred 2.1% + 10¢ Visa Business 2.20% + 10¢ Visa Corporate 2.50% + 10¢ https://www.creditdonkey.com/interchange-rates.html https://www.creditdonkey.com/interchange-rates.html Ideally, the CC fee would be a line item in the receipt specific to the card. Then people will make more informed decisions about which card to use. With the "discount" model the fee changes at each merchant when it should always be the same for a particular card.