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I don't know Dave Ramsey, but he apparently puts his money where his mouth is. And this should be honored. Whether you agree with his opinion on credit cards i

• Angostura 18y ago
  Actually, he's asking you to put your money where his mouth is - and without any credit card protection. A cynic would also point out that that by not accepting credit cards he also avoids losing the cutr of the transaction that they charge and so makes more money. I'm not a cynic of course. Personally, my credit card is paid of automatically each month in full.
  • neilk 18y ago
    Well, processing fees are there for both - I'm not sure he's making a big win there. But chargebacks are very common in online retailing. I don't think you can chargeback a debit transaction, can you? Also, if his business is dealing with people who are at the end of their rope, defaults and chargebacks may be more common.
  • danielh 18y ago
    It's not like anybody is forced to buy anything from him. You are free to look (and pay) for advice somewhere else. Without any statistics to prove it, I would reckon that Ramsey looses more money buy alienating potential customers than he saves on transaction fees. I also think that CCs have their benefits, if used in a responsible way. But if Ramsey is strictly against CCs, not accepting them shows integrity. At least, it creates massive buzz if the tubes pick up the story ;)
  • jimbokun 18y ago
    "Actually, he's asking you to put your money where his mouth is..." Uh, yes. That is his entire business proposition, telling people how to manage their finances.