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|User Info||A 20+ Year Oligopoly Teeters; entered at 2012-07-15 11:16:46|
Registered: 2009-03-23 aurora, IL
"No receipt cash price" is another way of stating "income tax evasion". Fifty cents spends like a dollar if Uncle Sam doesn't know about it.|
Debit cards are great at a flat 25 cents per transaction. Yeah, it sucks for the retailer for very small purchases so building in a few cents here and there into prices to pay for it is a small price to pay I think. At the retail level I wouldn't accept checks at all unless the amounts were large enough to justify the expense of Telecheck verifying the account and amount to guaranty payment. Avoiding NSF checks is a very big incentive for debit cards. If a customer doesn't have a debit card the chances that their check is bad are pretty high.
As for credit cards? The actual users should either pay for the percentage charges or use another form of payment like debit or cash. Or the providers or new competitors can change the model to a flat fee like debit cards. I can't tell you how many times we had customers bitching about us not taking Amex. Those bastards wanted 4% fees. They can take that card and shove it up their ass.