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.

All costs are built into the price of goods and services, otherwise
the losses would eliminate the profit factor and would prevent
business from being conducted. Even when a company offers free
samples that cost is added to the price of goods... nothing is free.