Quote:
Originally Posted by Number 10 GI
There is a lot of difference between gross revenue and net profit. All kinds of businesses fail because there is no net profit after business expenses are taken from the gross revenue. Credit card fees are just one of those expenses.
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I guess restaurants can charge a fee to use a credit card, if they want. But, if they stop accepting credit cards, they will lose a lot of business and profit. McDonald's found that their average transaction amount increased by about 50 percent when they started accepting credit cards. As a prior business owner, I never charged customers a fee to use a credit card.