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edited: ignore this comment please, I totally misunderstood the comment! > Pass a law that credit card surcharges MUST be added onto the final price. You must

edited: ignore this comment please, I totally misunderstood the comment! > Pass a law that credit card surcharges MUST be added onto the final price. You must be a rich person that supports monopolies! And clearly you know nothing about low margin retail businesses. If your profit margin is 5% and the credit card fees are 2.5% then you are saying profit should be split 50%/50% with Visa/Mastercard. In New Zealand originally the contract between the credit card company and the marchandiser said that the marchandiser couldn't charge a different amount for cash - an indirect way to force retailers to soak up the credit card fees. That clause was eventually outlawed here, for good reason. Your suggestion is to write the opposite law! The extra fees for credit cards are great. It is the customer's choice to pay them or not!

AnotherGoodName 2y ago
That’s exactly what I’m proposing though. Right now it’s cheaper to pay by credit card because I don’t pay the surcharge directly, it’s paid by all customers including cash customers. I have no choice but to pay by credit card. My proposal above is exactly what is required to make cash a choice. Btw did you read some idea that the surcharge applies to all purchases? The idea of charging the credit cards a surcharge equal to the surcharge they take from the retailer is better for all except the big credit card companies. Customers can use cash without subsidising the credit card users, credit card users can still use credit cards but they won't get ahead vs cash, retailers don't have to absorb the surchage (and ultimately partially pass it on to cash customers).