Ever wondered WHY some merchants impose these minima? It's certainly NOT to be "pesky" to their paying customers. No sane merchant would do that. Merchants cut close margins anyway. Sometimes, on small sales, the fees on the cards are more than any margin at all. The solution other than a purchase minimum is to either
Impose a fee on small (or all) credit card sales
Not permitted by the card companies, either...
Raise prices across the board
This means cash-customers are subsidising your cc convenience, and let's not forget "Wally's has it cheaper..."
Offer a discount for Cash
"Discriminating" against the CC user, and, incidentally, prohibited by "the rules", too
Eliminate Credit Cards entirely
You KNOW what that would do for sales
So what's a merchant giving you good prices to do? IMO the merchant is offering you an additional service by accepting your CC -- you SHOULD be paying for it.
no subject
Ever wondered WHY some merchants impose these minima? It's certainly NOT to be "pesky" to their paying customers. No sane merchant would do that. Merchants cut close margins anyway. Sometimes, on small sales, the fees on the cards are more than any margin at all. The solution other than a purchase minimum is to either
Impose a fee on small (or all) credit card sales
Not permitted by the card companies, either...
Raise prices across the board
This means cash-customers are subsidising your cc convenience, and let's not forget "Wally's has it cheaper..."
Offer a discount for Cash
"Discriminating" against the CC user, and, incidentally, prohibited by "the rules", too
Eliminate Credit Cards entirely
You KNOW what that would do for sales
So what's a merchant giving you good prices to do? IMO the merchant is offering you an additional service by accepting your CC -- you SHOULD be paying for it.