Quote:
Originally Posted by Gumby
I see what you're saying, but disagree in a way. Any time you go to a retailer and buy something using your credit card, the CC company will take their share from the retailer. For example, you buy something for $20 from Future Shop, using Visa. You end up paying Visa $20, but Futureshop gets < $20 from Visa. I wouldn't want Future Shop to charge me extra for the convenience of using my credit card...
Which is why some places will offer a small cash discount...
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It's illegal for a merchant to apply a surcharge for credit card transactions, but it's not illegal for a merchant to give you a discount for paying by cash.
It's the same thing, just technicalities...
But the shops figure the credit card charges into their pricing... part of operating costs or something to that effect.