The 1% and more that you get for using the CC has to be paid by someone – guess who? It is like trading stamps, or anything else – the merchant pays the extra CC fees so you can get back some, so his prices are higher. Ask for a discount for cash, you will usually get it.Merchants pay $.35 min to take a debit card – and 3% to 5.5% for credit cards. Some processors say they charge less, but they charge much more for credit cards that are not swiped, and more for non qualifying fees
The 1% and more that you get for using the CC has to be paid by someone – guess who? It is like trading stamps, or anything else – the merchant pays the extra CC fees so you can get back some, so his prices are higher. Ask for a discount for cash, you will usually get it.Merchants pay $.35 min to take a debit card – and 3% to 5.5% for credit cards. Some processors say they charge less, but they charge much more for credit cards that are not swiped, and more for non qualifying fees