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IIRC, you're specifically not allowed (under credit card TOS) to charge MORE for accepting a credit card, but you can offer a discount for another payment metho
by gsiener 15y ago
IIRC, you're specifically not allowed (under credit card TOS) to charge MORE for accepting a credit card, but you can offer a discount for another payment method. This is how, e.g., gas stations can charge one price for cash and another for credit.
- rhizome 15y agoThe gas stations near me all list only the cash price, then when you pull in you'll see that "not using cash" costs 5-10c more per gallon. It's pure semantics, people are "charging more" for credit cards all the time.
- latchkey 15y agoI rarely carry much cash around anymore. I buy everything with a CC and pay it off in full every month. Never late. Mentally, I'd rather pay more per gallon at a place where I can use my CC than go to a place with a dual fee structure. I'm sure the logic doesn't make sense, but I feel like I'm getting ripped off at a place that does that when I use a CC to buy gas. As a result, I tend to avoid those places.
- eli 15y agoThis is actually illegal in NY, but most gas stations do it anyway.