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The Water Cooler
General Discussion
Why people(gun owners or pro 2nd Amendment folks) keep using paypal??
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<blockquote data-quote="HiredHand" data-source="post: 3821714" data-attributes="member: 2469"><p>TLDR: As a merchant I pay a processing fee every time I accept a credit card on the payment of a service or goods. So, your cash back comes out of the fees merchants pay and every card can have a slightly different fee. </p><p></p><p></p><p>Yes, they are via the processing fees that the merchant pays on each credit card transaction which are passed on to you and everyone else. </p><p></p><p>Back in the day a merchant could charge a cash price and a higher credit card price on purchases. Until, the banks strong armed the merchants into not offering cash discounts if they wanted to be able to use the merchant credit card processing network. A few years ago, merchants won back the right to offer a discounted cash price.</p></blockquote><p></p>
[QUOTE="HiredHand, post: 3821714, member: 2469"] TLDR: As a merchant I pay a processing fee every time I accept a credit card on the payment of a service or goods. So, your cash back comes out of the fees merchants pay and every card can have a slightly different fee. Yes, they are via the processing fees that the merchant pays on each credit card transaction which are passed on to you and everyone else. Back in the day a merchant could charge a cash price and a higher credit card price on purchases. Until, the banks strong armed the merchants into not offering cash discounts if they wanted to be able to use the merchant credit card processing network. A few years ago, merchants won back the right to offer a discounted cash price. [/QUOTE]
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The Water Cooler
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Why people(gun owners or pro 2nd Amendment folks) keep using paypal??
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