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Old 10-03-2012, 08:26 AM   #6
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GlockMan's Avatar
Join Date: Jan 2005
Location: Florida
Posts: 2,026
My Ride: Suburban LT 4x4
who cares.

buy $2 worth of stuff cheapie.

some places are $5 or $10.

The reason why is because in addition to getting charged 1%-5% of the total, they also get charged a PER TRANSACTION FEE. Some of these are as high as $1.

So imagine if you owned a store that pays $10k per month in rent and $10k in payroll, and some clown wants to buy a bottle of water for $1.15 that costs you $1.75 to buy and process.


PS - gas prices are often more when using credit that cash.

PPS - A merchant has the right the refuse service to anyone. I would tell your smartazz to get the hell out of my store.
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Last edited by GlockMan; 10-03-2012 at 08:30 AM.
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