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> were to offer me a discount equivalent to what my card issuing bank pays me in cashback and that's exactly why these card networks made the merchant agree in
by chii 2y ago
> were to offer me a discount equivalent to what my card issuing bank pays me in cashback
and that's exactly why these card networks made the merchant agree in the contract to not do exactly that.
- eszed 2y agoI think that shouldn't be permitted. (As in, be illegal for the card companies to impose or enforce.) On the other hand, most gas stations seem to post credit vs cash prices, so they get away with it. What's the story there? Why don't more merchants do it? It's also contrary to card agreements for merchants to add an extra fee ("it's +0.50 if you use a credit card, is that OK?"), but that doesn't seem to be meaningfully enforced.
- chii 2y agoIt's not 100% enforced, but to the card networks, they dont need 100% enforcement - they just need majority of merchants to comply. Small corner stores and gas stations probably could get away with surcharges, but not big box stores.