[kwlug-disc] Cash becoming illegal?

Eric Gerlach eric+kwlug at gerlach.ca
Fri Nov 5 14:13:16 EDT 2010


On Fri, Nov 5, 2010 at 2:08 PM, Phil Longstaff <plongstaff at rogers.com> wrote:
> Conversely if you were told you would be charged that same 2% to
> 4% more because you're using a credit card would you still use it?

Worst part is, as a vendor we're not allowed to charge different
prices for credit cards.  Part of the agreement.

> Visa actually introduced a new credit card last year, I forget the name. It
> added an extra couple of percent to the amount charged to vendors. The
> vendors contractually could not refuse to take payment using this card.
> Again the customer was unaware of the extra charge but the vendors were
> furious.

Visa Debit cards.  You get charged the percentage fee of Visa, and the
per transaction fee of a Debit card!  It's two, *two*, *TWO* fees in
one!

Cheers,

Eric



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