Tag Archive | "credit card payments"

Should The Poor Subsidize The Rich For Market Purchases?

Posted on 05 October 2009. Tags: , , ,

If you make a purchase on a credit card, your retailer gets less money because he has to make some hidden payments as fees. For example, if you are making a payment of $ 150 its not that the entire money is reaching the retailer. He/she is getting only a part of it. If you use a card that offers benefits, the store will be getting even less than what it would if you’d use a card that does not come with any benefits. For example if you are using a card that offers you airline miles to buy something at a mall, the store will get lesser than it would if you would have used a card that does not offer you any perks.  This is the reason the stores have decided to price their items higher. On the other hand, there are people who don’t use credit cards. Till a few days ago stores would offer [...]

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