3 ms·

> You don’t. The merchant you are buying from is choosing to pay 3% for credit card payments because they believe incentivizing people to pay with credit cards

> You don’t. The merchant you are buying from is choosing to pay 3% for credit card payments because they believe incentivizing people to pay with credit cards will result in them earning more (via higher prices or higher margin goods) than incentivizing them to pay with debit/cash. Why are you putting the onus on the retailer? Don't assume malice or intent from them. I operate online businesses; so 99% of my sales are credit card. I get the occasional wire/ACH or a check in the mail. I'd love to not pay 3% of all my revenue to credit card processors, but most people want to use credit card / PayPal / etc. because it's more convenient for them. I'm happy to offer a discount if someone wants to pay via a non-credit card, but I don't raise my prices because of it. I just have to suck it up and eat that cost. My margins are not high and I would've made about 27% more last year had I not had to do that. You're welcome.

lotsofpulp 3y ago
> Why are you putting the onus on the retailer? Because it is their choice. > I'm happy to offer a discount if someone wants to pay via a non-credit card, but I don't raise my prices because of it This makes no sense to me. As the leader of the business, you have the option to 1) deny all credit cards 2) accept all credit cards, but not offer discount for debit cards 3) accept all credit cards, but offer a discount for debit cards It is just a business decision, and if you are not choosing 3, one would hope it is because you are earning more profit by going with option 2.
- tjbiddle 3y ago
  My payment processors (Shopify, PayPal, Klarna, etc.) don't treat debit cards any differently than a credit card. Those are all huge payment processors; so it's not like a special snowflake here. Since we're on HN, I'll mention Stripe. I don't use Stripe - but they act the same way. All of these don't bill for "credit card" they bill for "card".

lotsofpulp 3y ago

> Why are you putting the onus on the retailer? Because it is their choice. > I'm happy to offer a discount if someone wants to pay via a non-credit card, but I don't raise my prices because of it This makes no sense to me. As the leader of the business, you have the option to 1) deny all credit cards 2) accept all credit cards, but not offer discount for debit cards 3) accept all credit cards, but offer a discount for debit cards It is just a business decision, and if you are not choosing 3, one would hope it is because you are earning more profit by going with option 2.

tjbiddle 3y ago
My payment processors (Shopify, PayPal, Klarna, etc.) don't treat debit cards any differently than a credit card. Those are all huge payment processors; so it's not like a special snowflake here. Since we're on HN, I'll mention Stripe. I don't use Stripe - but they act the same way. All of these don't bill for "credit card" they bill for "card".