Re: Merchants may be allowed to charge extra for credit cards
07-12-2012 09:46 AM
I would support this since online sales are really hurting small business - forcing them to cut margins and it better than not taking CCs at all.
OT - Amazon just started charging tax in Texas. In part from complaint of local business.
Not really, if any online sales pay more on interchange fee than retailers. On average online sale pays 1% more interchange fee since card is not present during transaction. Like all retailer (be it B&M or online), their profit margin is around 2% to 3%, not a lot.
These merchants already included interchange fee into the price. I really don't see the point of whining. You could say that if using certain payment method you can get a discount, like Target REDCard gives you 5% discount on the spot, to discourge the use of regular CC.
But charging additional fee to accept CC is downright stupid.
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