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Humorously, there are laws against credit card surcharges but not against cash discounts. Realistically, the price difference is probably not worth the hassle
by vineyardmike 3y ago
Humorously, there are laws against credit card surcharges but not against cash discounts.
Realistically, the price difference is probably not worth the hassle of needing two prices and card sales are probably affordable enough and common enough to not bother.
https://www.ca5.uscourts.gov/opinions/pub/15/15-50168-CV0.pdf https://www.ca5.uscourts.gov/opinions/pub/15/15-50168-CV0.pd...
- kelnos 3y agoStrange, I've seen quite a few merchants that do the card surcharge thing, and no one seems to complain.
- rrrrrrrrrrrryan 3y agoThe Supreme Court settled it in 2017 actually - surcharges are fine now: https://archive.is/eYB5W https://archive.is/eYB5W They basically said a surcharge for credit is effectively the same thing as a discount for cash, and because of freedom of speech, merchants are free to communicate the difference to their customers either way.
- sidewndr46 3y agoBut is a payment processor required to process charges from a vendor stating they have a surcharge?
- oohffyvfg 3y agoonly took them a few decades
- bonton89 3y agoI've seen cash stations offer a cash discount. It was always less than my credit card's gas reward and required me to go inside the station to pay.
- vikingerik 3y agoGas stations do the cash discount for a particular reason - to get you inside the building where you might buy profitable convenience-store items, which you won't if you just stay at the pump. (Though yes, the differential might be less than the kickback from a card rewards program.)
- kjkjadksj 3y agoIve seen restaurants do as much as 4% off for cash.