Quote:
Originally Posted by thetruth
In a conversation with a friend who had a retail store, I was told by him perhaps to my surprise few people pay cash anymore.
With all the credit card rebates people will charge most anything.
The retailer pays for this. Actually it they want to, they need to thanks to customer demand, they can no longer by contract refuse a credit card for sales below a certain amount or a discount for cash. Who pays for this? The consumer does. The cost of the credit card use has to be in the price or the business will be gone.
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I have heard that, when McDonald's started installing credit card devices, their average transaction amount increased significantly. For most businesses, I think credit cards are helping them, not hurting them.