> Bullshit Tim. The card holder (person paying) has an interest rate
> tacked on their payments -EVERY MONTH-. It's right there at
> the bottem of your statement.
I would switch to a better card provider then if I were you - here in
the UK, that interest payment only kicks in if you don't clear th
On Sun, 12 May 2002, Morlock Elloi wrote:
> The CC commission is calculated into the price - and payer pays it, the
> merchant is just an intermediary for those 3% on their way to the CC processor.
> But it's just a point of view - all costs of doing business are ultimately paid
> by the custome
On Sun, 12 May 2002, Tim May wrote:
> If I pay $100.00 in folding money for some item or $100 with a VISA
> card, that means I am _NOT_ paying the costs of a credit card system.
Actually it does. It actually means that for that cash transaction you're
paying for a credit card transaction (-mos
On Sun, 12 May 2002, Bill Stewart wrote:
> The price of goods for which credit card payments are common
> adjusts to a level that reflects the cost of the payment system.
> For the most part, the credit card companies require the merchant to
> hide the credit card charges in the purchase price,
Now that I'm back from a week of other interest...
On Sun, 12 May 2002, Tim May wrote:
> An interesting situation in Choate Prime, the world that exists
> parallel (but out of kilter) to our own.
>
> However, here on Earth, non prime, the recipient of a credit card
> payment is the one wh
> payment is the one who pays the 1-3% transaction charge. The payer pays
> nothing.
There are more and more brick shops that charge 3% *more* for credit card
payments via principle of "3% cash discount".
The CC commission is calculated into the price - and payer pays it, the
merchant is just a
