On Mon, 4 Jan 2016 21:41:46 -0500, Ed Pawlowski > wrote:

> On 1/4/2016 11:01 AM, Janet wrote:
>
> >>
> >> Sure it cost you. Fraud and theft costs all of us. The CC company took
> >> the hit, but it is reflected in the price we pay.
> >
> > ? I pay nothing for using debit and credit cards.
> >
> > Janet UK
> >
>
> Yes, you do. It is built into the price of what you buy. We all pay it
> and the banks get a piece of your card transaction. Makes little
> difference on small transaction, but when buying a major appliance many
> stores will give you a discount if you pay cash. I'm not sure what the
> merchant pays but 2% to 5% seems common from what I've been told.

The only reason to pay cash is so the smaller merchants don't have to
pay the CC company a fee for processing your charge and it means more
money in their pocket (which is a good thing if you support small
merchants). We pay the same price no matter what.

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sf