On 7/22/2011 8:01 PM, firstname.lastname@example.org wrote:
How would it be a penalty if customers had to pay for what they get? If
someone has a "rewards" card the merchant is providing additional value
in the purchase?
Do you think that folks should pay for what they get?
Not sure what if anything that has to do with CC transactions.
The CC company is. The CC user has a contract with the CC issuer, which
they're both in compliance with. The merchant has a contract with the CC
clearance house, which they're both (presumably) in compliance with. No one
is being forced to do anything. What's not to like?
Sure, they do when the bill comes. Everone follows the terms of their
The merchant contracted to accept CCs. No one forced him to. Think about it
On 7/23/2011 10:43 AM, email@example.com wrote:
Who knew? I thought the CC company was getting the money from the merchant?
I am not saying the merchant should go against the agreed term but
contracts are renew and changed/renegotiated all of the time.
Currently if you use a "rewards" card you only pay for part of your
rewards. My thoughts were that it is fair and reasonable to pay the
Yes, but times change. Lots of people like me don't like banks and don't
want to pay extra to help them out.
On 7/23/2011 8:25 PM, firstname.lastname@example.org wrote:
Who said there wasn't? Look at the big picture.
Absolutely, or he can demand a fairer system.
I don't think so. Ultimately the purchaser is the one who pays for the
goods and all overhead and expenses related to selling them.
Currently if two folks walk in to purchase something and customer "A"
has a rewards card and customer "B" pays cash both are paying towards
the cost of the transaction. Since the cost of "rewards" and the costs
of handling cash are all rolled together customer "A" is only paying for
part of their rewards while customer "B" is helping to pay for customer
On 7/24/2011 11:01 AM, email@example.com wrote:
You lost by going for the ad hominem attack. I get it that you like to
imagine there is no cost to anyone for your "rewards" since it is just
"overhead". But do you really think the tooth fairy is paying for your
Remember that contract thing you mentioned?
Sorry most knowledgeable one, please explain in detail how someone
besides the customer ultimately pays for the goods and the cost of
selling them that they purchase?
I'm not a Democrat. I know money doesn't grow on trees. Costs are paid out
of the seller's profits. He can't raise the price because someone down the
street can then sell at a lower price. Simple economics.
Fine. Go for it. Since they don't, you're SOL. Sorry, the only vote you get
is to take your business elsewhere. Stop whining.
One word: competition. Now, go back and take a rudimentary economics course.
On 7/24/2011 12:53 PM, firstname.lastname@example.org wrote:
Not really, just your interpretation. But you do discredit yourself when
you choose to insult people.
You do know there are two ways to adjust prices to achieve the same
I will mention that to some folks I know who are part of a 400 store
co-op who recently negotiated a deal with a new credit card processor
that specifically allows for them to offer cash discounts. It also
allows for them to issue their own gift cards which the CC will not get
a cut of.
So much for your self proclaimed expert status.
Why the need to make yourself look silly with the constant personal
I noticed many of them are not interested in paying a tribute to timmy
geitners "too big to fail" buddies so they will talk regarding price if
you offer cash/check as payment. So you end up with a better final price.
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