Salt is Bad, but we need Iodized Salt. Huh? Likewise.... Cash.... it costs us money??? Wha?
MsMorrisine
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<< <i>Bad link
Meh. I'm sure the story's not much better.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
<< <i>That is nothing but a propaganda piece for the credit card industry. >>
this is the sense i got from that article more than "it costs americans to use cash"
i use checks and cash at shows/shops etc and at a somewhat recent show some numbskull refused to take checks any longer (from my mentor), so not having cash cost him not getting the coin(s) he wanted although he could have borrowed the hundreds from me, i think it was awesome he decided not to buy from him at all now
i call that person a numbskull for not coming up with some sort of solution besides just flat-out denying the transaction. although i've seen some of the most intelligent things and most ignorant things come from coin dealers as i've seen come out of just about anyone ever.
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<< <i>Anytime you pay with a credit card you are contributing 3-4% to the credit card industry - their take of the sales. How about factoring that expense? >>
Many credit cards offer rebates, including money, that you can't receive when you pay with cash or check. So in that sense it "costs" you to pay cash.
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<< <i>Anytime you pay with a credit card you are contributing 3-4% to the credit card industry - their take of the sales. How about factoring that expense? >>
Many credit cards offer rebates, including money, that you can't receive when you pay with cash or check. So in that sense it "costs" you to pay cash. >>
But the point is - that expense is what is passed on to the merchant, who then passes it on to the consumer with higher prices. Rebates, perks, airline miles etc are nice, but they do not offset the greater expense incurred because of credit cards.
Why do you think some petrol stations, particularly on the left coast, don't take anything but cash or debit cards? You cannot charge extra for using the credit card(violates the terms of service agreement) and often times now offering a discount for cash also violates the agreement. So some have just gone cash or debit card only. Another example is Aldi Stores in the USA - they don't take cheques or credit cards. Cash and debit only.
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<< <i>Anytime you pay with a credit card you are contributing 3-4% to the credit card industry - their take of the sales. How about factoring that expense? >>
Many credit cards offer rebates, including money, that you can't receive when you pay with cash or check. So in that sense it "costs" you to pay cash. >>
But the point is - that expense is what is passed on to the merchant, who then passes it on to the consumer with higher prices. Rebates, perks, airline miles etc are nice, but they do not offset the greater expense incurred because of credit cards.
Why do you think some petrol stations, particularly on the left coast, don't take anything but cash or debit cards? You cannot charge extra for using the credit card(violates the terms of service agreement) and often times now offering a discount for cash also violates the agreement. So some have just gone cash or debit card only. Another example is Aldi Stores in the USA - they don't take cheques or credit cards. Cash and debit only. >>
Well then it would have to be all or none! Until the market as a whole starts to offer cash discounts over CC payments cash back creditcards will rule. I've added to my coffers quite well over the years since the cash back program started. Between ebay bucks and cash back on my credit card my ebay purchases reward me well into the thousands.
The 1st stores bucking the system are gas stations. I get 5% back on my gas purchases....even those that offer a cheaper price don't touch the reward with their cash purchase price!