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Credit and debit card companies are planning to pass merchant fees on to customers. have your cash and checks on hand just in case

submitted by iThinkiShitYourself to PublicServiceAnnouncement 1.4 yearsJan 9, 2023 11:37:25 ago (+1/-3)     (PublicServiceAnnouncement)

This goes for apple and Google pay as well These companies are fully banking on people loving the convenience they provide.

Always make at least a portion of your purchases in cash and check and make sure to buy crap locally, even if that means Walmart.


7 comments block


[ - ] Glowbright 0 points 1.3 yearsFeb 22, 2023 11:23:35 ago (+0/-0)

What world do you live in that you think Merchant Fees are not already passed on to the customer? In a retail setting you cannot typically negotiate price, but in any situation where I am hiring workers, contracting a job, or really anything where the price is not 100% fixed, I ALWAYS ask "Is there a cash discount?" Paying in cash will usually save me 2%-3% and sometimes will save as much as 10%

[ - ] lolxd 3 points 1.4 yearsJan 9, 2023 11:47:53 ago (+3/-0)

This is a standard practice and has always been that way. You don't get a discount for using cash or check unless it's a small business owner that makes it apparent upfront.

As such if you buy big corpo and hate them, giving them a discount for paying cash versus debit is doing them a favor not the other way around.

[ - ] WanderingToast 1 point 1.4 yearsJan 9, 2023 11:56:48 ago (+1/-0)

A lot of PDQ providers now offer service (to debit cards and some credit cards) at a flat monthly fee

It's why you will have seen the 'minimum spend on card' has by and large disappeared

[ - ] SecretHitler 1 point 1.4 yearsJan 9, 2023 11:45:04 ago (+1/-0)

That doesn't make any sense. Merchants decide to pass on merchant fees and always have as part of the price.

If credit and debit card companies did it they wouldn't be merchant fees, they'd just be fees.

This won't change because then fewer people would use the cards to save money.

[ - ] yesiknow 0 points 1.4 yearsJan 9, 2023 13:54:52 ago (+0/-0)

Merchant fees are paid by the merchant who has added the cost onto every single thing for ale since credit cards were taken by consumer morons.

They made it illegal for the merchant to offer a discount for cash.

[ - ] JewChipper 0 points 1.4 yearsJan 9, 2023 11:52:12 ago (+0/-0)

Still using jewish services you dumb assholes.

[ - ] FreeinTX 0 points 1.4 yearsJan 9, 2023 11:40:03 ago (+0/-0)

Planning to? That's already a thing. CC merchant fees have been built into prices for a long time.