General Discussion

FreeJoe

(1,039 posts)

38. I shall not pay for credit card users

Sun Jul 15, 2012, 12:28 PM

Jul 2012

I use CCs all the time and appreciate other people subsidizing their costs. On the other hand, I can definitely see cash and check people saying "I will no longer subsidize pay for credit card users" and refusing to shop at stores that spread the CC fees to non-CC users.

I like the new rules. Business get advantages from accepting credit cards. Shoppers by more. They don't have to handle as much cash. They are safer than checks. There are drawbacks as well. Credit card processors charge fees. Credit card charges can be reversed. Under the old rules, merchants that took any cards couldn't discriminate. Now they can. I'll let the market work out whether the prices should be different. I suspect that when the dust settles, only very low margin businesses and "businesses" where people have no choice will pass the credit card charges directly to credit card users.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

89 replies

= new reply since forum marked as read

Highlight:

Take The Pledge: I Will Not Patronize Any Business That Charges Me Extra For Using My Credit Card.. [View all] global1 Jul 2012 OP

Every business that takes credit structures the cost of credit transactions into their pricing. LeftyMom Jul 2012 #1

My debit card has a Mastercard logo. Occulus Jul 2012 #23

The businesses probably find it too difficult to distinguish between signature and PIN debit FarCenter Jul 2012 #24

The business pays a percentage of the transaction if you pay by debit. Usually 1.5-3% LeftyMom Jul 2012 #39

Been doing it forever, one way or another. elleng Jul 2012 #2

The businesses pay the credit card company ohheckyeah Jul 2012 #3

nah, I'll pass on that pledge fishwax Jul 2012 #4

Sorry, I don't do pledges. silverweb Jul 2012 #5

they don't charge YOU for the transaction, they charge the business owner. that's the dionysus Jul 2012 #6

Remember when gas stations had a cash price and a credit price? SoutherDem Jul 2012 #7

Some tricky fuckers in manhattan advertise a price on their big biards Lucky Luciano Jul 2012 #74

Some still do hauweg Jul 2012 #82

Fine. I will just institute a $5 administrative fee on each and every kestrel91316 Jul 2012 #8

Fairly easy for me, Connecticut bans charging more for credit. NutmegYankee Jul 2012 #9

Then all that's happening is that costs are being shared by everyone SickOfTheOnePct Jul 2012 #19

They would do that even with different prices. NutmegYankee Jul 2012 #32

My point is that you're still paying for credit card use SickOfTheOnePct Jul 2012 #33

Cash customers don't pay less. They are paying the old credit price. NutmegYankee Jul 2012 #51

thats because the profit margin on gasoline is usually less than the cc charge RedRocco Jul 2012 #22

I'm a small business owner.... Pizz Jul 2012 #10

welcome to DU! renate Jul 2012 #61

Best of luck with your business, and welcome. HappyMe Jul 2012 #79

Lots of big talk here about support JNelson6563 Jul 2012 #80

Pizz likes being peasy.. Pizz Jul 2012 #84

Thank you! JNelson6563 Jul 2012 #87

I'll shop there because I'm sick of my cash payments being higher to help support credit card users. JVS Jul 2012 #11

Me too. safeinOhio Jul 2012 #16

using cash keeps me honest with myself on how much I am spending. CTyankee Jul 2012 #12

Grover has a trademark on pledges. HooptieWagon Jul 2012 #13

No he doesn't. Fuck Norquist, he doesn't have that kind of power. Zalatix Jul 2012 #69

Yup. Totally. Crush them under the sheet weight of a boycott. That'll end the problem. Zalatix Jul 2012 #14

I run a very small business quaker bill Jul 2012 #15

Thank you. I definitely patronize a place less frequently when they are cash only Lucky Luciano Jul 2012 #75

When I started before the crash quaker bill Jul 2012 #78

I pledge never to HAVE a credit card. justiceischeap Jul 2012 #17

Nope, not going to take that pledge SickOfTheOnePct Jul 2012 #18

As a small businessman I won't charge extra for your card-I don't accept them... catnhatnh Jul 2012 #20

That only works for you because you have a captive audience (airport). Try it in the city, and see. Romulox Jul 2012 #31

I find it hard to believe you only miss 5 transactions a month. Hassin Bin Sober Jul 2012 #35

Doesn't the airport itself have an ATM somewhere? treestar Jul 2012 #40

My Pledge: I will not patronize banks and jeopardize democracy by owning a credit card. nt Zorra Jul 2012 #21

I will patronize business that give discount for cash greater than cashback reward on credit card FarCenter Jul 2012 #25

I will NOT participate in this pledge....... Swede Atlanta Jul 2012 #26

This pledge will favor large businesses over small ones. Most national chains have announced pampango Jul 2012 #81

Do you have any idea how much businesses have to pay for each transaction? On small appleannie1 Jul 2012 #27

Nope Travis_0004 Jul 2012 #28

Who originated this pledge? Visa and Mastercard sending out astroturf? denverbill Jul 2012 #29

The cash economy is over. We need to work out ways to transition, rather than legislate regression. Romulox Jul 2012 #30

Stop using your credit card for everyday living. Hotler Jul 2012 #34

Sorry, but no SickOfTheOnePct Jul 2012 #36

Your sig. line is "SickOfTheOnePct", the banks are the 1%, so why... Hotler Jul 2012 #41

My "bank" is a credit union SickOfTheOnePct Jul 2012 #50

So, let me see if I have this right... jberryhill Jul 2012 #55

Who said anything about "dicking over the merchant"? SickOfTheOnePct Jul 2012 #57

Cash is dirty. If you pay your credit card balance in full every month, it's worth using. slackmaster Jul 2012 #42

I did what you and others do a few years back until I watched... Hotler Jul 2012 #43

Let 'em think of me as a deadbeat SickOfTheOnePct Jul 2012 #52

If you really wanted to get back you'd keep using it and paying it off. dkf Jul 2012 #54

Fuck them if they can't take a joke slackmaster Jul 2012 #62

Wow! You sure showed me. I Bow down to your high righteousness. I'm going to run right out and... Hotler Jul 2012 #67

Nice post, Hotler slackmaster Jul 2012 #68

Is that the best you can come up with??? how about... Hotler Jul 2012 #88

OK, but I'm drinking gin and tonic slackmaster Jul 2012 #89

I do not use CC. I use debit cards only at large chains. I use CASH for local businesses. CBGLuthier Jul 2012 #37

I shall not pay for credit card users FreeJoe Jul 2012 #38

I've been doing that for some time. lpbk2713 Jul 2012 #44

So you're paying cash at merchants who charge *everyone* more to pay for the CC fees. WillowTree Jul 2012 #48

Everyone is charged more (cost-sharing) to cover the fees of others? Sounds a bit like... OneTenthofOnePercent Jul 2012 #53

I do not have any credit cards. About 7 years ago, I filed a Chapter 13 bankruptcy. RebelOne Jul 2012 #45

Cash: is that still a thing? NoPasaran Jul 2012 #46

I just use cash whenever possible Myrina Jul 2012 #47

I do the same for the delivery boys. cash tip. Lucky Luciano Jul 2012 #77

generally no, but some small businesses i could make an exception CreekDog Jul 2012 #49

What a silly idea jberryhill Jul 2012 #56

Oh, look. Now our side has a Norquist. aquart Jul 2012 #58

+1 HooptieWagon Jul 2012 #76

No. Businesses don't charge, the credit companies do. You have it backwards. Here's how to help.... uppityperson Jul 2012 #59

Most interesting DU thread since 2001. Replies from those who oppose credit cards and those who own jody Jul 2012 #60

Thanks, but no thanks. And where's unrec when we really need it. GoneOffShore Jul 2012 #63

Sorry, a lot of businesses are forced to do it because the credit card companies gouge them. backscatter712 Jul 2012 #64

I use an ATM debit card... AsahinaKimi Jul 2012 #65

Sounds like the "I won't ride in a carriage without a horse" person nolabels Jul 2012 #66

This message was self-deleted by its author CK_John Jul 2012 #71

I have already taken that pledge permatex Jul 2012 #70

I'm okay with that, actually. It's the fee that the bank charges the merchant. I can always write a Honeycombe8 Jul 2012 #72

I try to use my Amex as much as possible and carry only $60 or so Lucky Luciano Jul 2012 #73

See "60. Most interesting DU thread since 2001" and still voices that create jobs vs. those who jody Jul 2012 #83

As a frequent credit card user, I will gladly pay extra to use my card Hippo_Tron Jul 2012 #85

The main reason that credit card transactions are costly is that they are pathetically insecure FarCenter Jul 2012 #86