Quote:
Originally Posted by Phillies8008
This absolutely drives me bonkers. Credit card processing is a cost of doing business, period. Of course, what those businesses won't tell you is how credit cards are actually better for them – no cash to handle, no cashier mistakes, less shrinkage, no bank runs, etc. Why do you think grocery stores started doing cash back way back when? They want to have as little of it as possible. But now they've found a way to get all of the benefits and pass on the cost to me. Yay.
If a business doesn't like paying the processing fees, just stop taking credit cards. Easy. But say bye-bye to a good portion of your sales – guess those fees are paying for something useful after all, huh?
This is not a good thing™. It's just yet another way to pass on costs to me, the consumer.
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Absolutely correct. Taking credit cards opens up their potential customer base to a whole other subset of the population, those who don’t have enough cash on them at that moment to pay in cash. Why should I pay extra to open up your customer base to a whole other group?
And besides, It’s like a restaurant charging only folks who ask for ketchup. Or straws, rather than building that into the price. I go to a diner, I don’t drink coffee. Why should I subsidize the cost of their sweet n low ?
See? Where would it end?