3% Credit Card SWIPE FEES to be paid by CONSUMER, not Retailer

[sailingaway]

If you travel all week for work , I could see trying to play the reward thing for hotels and air fare, been there before .

Yeah, my mom started using hers for groceries when she found out she could get frequent flyer miles. She pays them off every month.

[angelatc]

they will be passed on in the average cost of the product. although in CA there are already gas stations with different prices for 'cash'

Yes, because while the vendor contrats with the CC's prohibited charging more for credit purchases, there was no prohibition for giving a discount for cash.

[enoch150]

You can get all kinds of unadvertised deals from small businesses by paying cash, particularly for larger purchases. The discounts are often larger than a credit card fee would account for. I once had a transmission fixed and the bill went from $1,000 down to $900 by paying cash. I figured they weren't paying the sales tax. Car dealers will often give you a pretty big discount for paying cash, also.

[presence]

Buddy of mine has an auto shop .When he first started he did not accept cards , just cash , checks , even post dated checks to payday for regular customers. He accepts cards now . He just bumped up the hourly labor charge slightly to cover the fee. Unless I am missing something, the consumer is always going to pay the fee in pricing.Look at e bay , most people just pad the shipping charge there by the looks of it .

Funny last three times I brought a vehicle to a shop I paid cash... and my bill was less than what was on the receipt.

3 different shops too.

[oyarde]

Funny last three times I brought a vehicle to a shop I paid cash... and my bill was less than what was on the receipt.

3 different shops too.

I always get a bill lower too .

[oyarde]

I have a couple, three, four of guys I occasinally do a very little bit of small business with.... everything involved , is cash, trade , silver , checks ...

[axiomata]

Credit card fees are already paid by the consumer. Now they just won't be paid by cash customers.

[cubical]

Seen vs unseen. You are already paying for it. Just like you are already giving 12% of our paycheck to the feds for social security, even though 6% is paid by the employer.

[idiom]

I'm really sad to see the number of people who are rebelling against the thought of paying your own damned fees. Sounds like you think you're entitled to have someone else pick up your tab.

In New Zealand the banks pay the fees for the electronic transactions as a cost of doing business. Otherwise everyone goes to other banks. Almost nobody uses credit cards or cash.

Thus the banks have very low cash handling costs and almost never have to deal with bounced cheques or the like. Money moves precisely and immediately.

[Tpoints]

it doesn't really matter, nothing stopped merchants from hiding the passed on cost anyway.