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They are paying even more to manage cash but don’t have a separate fee for it. Why should credit card users subsidize that? (Personally I think it’s fine to ch
by cashmonster 3y ago
They are paying even more to manage cash but don’t have a separate fee for it. Why should credit card users subsidize that?
(Personally I think it’s fine to charge any which way you want as long as your terms are clear. But I think this answer makes clear it’s not so obvious as you suggest?)
- sumedh 3y agoWith cash, merchants can show less income and then pay less tax.
- Pxtl 3y agoBank of Canada studied it and found that credit costs were over double the cash costs. Debit is the lowest-cost option for merchants. https://www.bankofcanada.ca/wp-content/uploads/2017/11/boc-review-autumn2017-fung.pdf https://www.bankofcanada.ca/wp-content/uploads/2017/11/boc-r...