Thread: Happy New Year
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graham[_4_] graham[_4_] is offline
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Default Happy New Year

On 07/01/2016 11:44 AM, Ed Pawlowski wrote:
> On 1/7/2016 12:09 PM, Gary wrote:
>> Ophelia wrote:
>>>
>>> +1 sf simply doesn't understand how our debit cards work.

>>
>> That's evidently true. She seems to think that you pay a transaction
>> fee every time you use a debit card. It's not true at all.
>>

>
> Correct, the merchant pays a fee. You just pay higher prices for
> everything as the merchant has it build into the selling price.


During a visit to the US some years ago I was astonished to find gas
stations offering a discount for cash but full price for credit cards.
That practice is not allowed in Alberta. If a merchant tries that, the
companies come down on him like a ton of bricks, The same used to apply
when merchants tried to apply minimum purchase amounts. I've seen people
using plastic to pay for a $2 coffee, which is ridiculous, even allowing
for the high profit margin on that drink.
Graham