CowboyGirl said:
Enzomatic said:
AtlAg05 said:
While at the Pike's Market in Seattle, many of the shops were also charging extra for using credit cards, dubbed transaction fees.
I'm amazed that people push for cashless, then turn around and punish you for using plastic. Even see it a few places here near ATL.
Businesses do not push for cards. They don't like paying 2-4+% of what they bring in. It's now just become commonplace for places to pass that onto the consumer, which I'm not a fan of.
They have forgotten what it was like when they had to chase down a bunch of hot checks. They pay 2-4% for the guarantee they will be paid regardless of whether the customer pays the bill or not. And there's pretty hard data that shows people spend more when they are buying with a card.
Seems they want to get all the benefits of accepting cards without paying anything for it.
Not necessarily a guarantee of payment. They can and do charge back if the customer doesn't pay the CC/AMEX bill. AMEX is horrible about this.
An AMEX cardholder could have an AMEX card for 20 years and never miss a payment, then one day they lose their job and write AMEX saying they'll pay only part of the bill today, but make payments over time for what they owe. AMEX immediately cancels the card, then charges back every vendor at every place the cardmember spent on it for the last 6 months; YES, even the ones that have been paid for in full by the cardmemeber. The vendor can still get their money, but they have to provide proof that the cardmember actually bought the item, AND the vendor must provide a copy of the signature on the receipt. If the vendor can't provide both of these, they lose the money.
Greater love hath no man than this....
