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>Merchants jack prices up to account for credit card fees. This is simply wrong. If it was true, then merchants would not care about credit card fees!
by DaveExeter 3y ago
>Merchants jack prices up to account for credit card fees.
This is simply wrong. If it was true, then merchants would not care about credit card fees!
- bryanlarsen 3y agoMerchants hate jacking up prices unless that jack-up puts money in their pockets. Jacking up prices drives away customers.
- missedthecue 3y agoNot if everyone has the same credit card fees.
- epylar 3y agoEven overall demand can go down if prices rise
- bmicraft 3y agoBut they don't, large vendors often negotiate their own contracts
- missedthecue 3y agoThey do this to increase their margins because otherwise... they eat the cost of interchange.
- Supermancho 3y agoIt's inconsistent. Some do, some do not. Tipping by card comes straight out of the recipient's hands, regardless.
- deleted 3y ago[deleted]