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The cash isn't free. You're paying the X% credit card tax on purchases via higher prices.
by underwater 15y ago
The cash isn't free. You're paying the X% credit card tax on purchases via higher prices.
- dodedo 15y agoVISA merchant rules generally guarantee that the plastic price will match the cash price. It's true that the merchant raises prices to compensate, but paying cash doesn't avoid that charge -- everyone pays the CC tax regardless of payment method. So you might as well get some of it back.
- pbreit 15y agoNot really. All the people not using a credit card are subsidizing your purchases so the impact on prices is negligible or non-existent.