gut;1374655 wrote:Hidden inflation. Savvy retailers have already baked these costs into their prices. Or, alternatively, they already have their prices pretty well set to optimal.

But now with this law they'll get an extra 2-3% that's not going to be represented in the posted price.

majorspark;1374647 wrote:My wife and I own a coffee shop. Its a cost of doing business. Its a factor in the price she charges for drinks. We are not going to do this because some people will flip out. So the added cost will be spread to all customers built into the price of drinks.

BR1986FB;1374613 wrote:Will really suck if gas pumps start charging swipe fees.

WebFire;1374636 wrote:It sucks for you, but why should the business be forced to pay 2-3% of every transaction because of your choice of payment method?

WebFire;1374639 wrote:Cash better than credit card? I will let you think about that one.

sleeper;1374645 wrote:Or if they both charge the swipe fee then who do you go to? It's the same reason why gas stations across from each other have equal gas prices. Perhaps one would end up lowering their gas prices but charging the fee; thus getting more people into their store(ie. people with cash who want to save money). The person not charging the fee would get less customers and potentially lose more money if it didn't drop its prices as well.

It could get interesting.

FatHobbit;1374665 wrote:


I hate to carry cash. Credit cards are much easier.

WebFire;1374670 wrote:That's what debit cards are for.

Laley23;1374672 wrote:It will be tough for gas stations to implement this since most require you to pay before filling up. If you want a full tank you need to pay with a card, and not cash...unless you are freaking rainman and can do unthinkable math so you kno whow much it will cost to the cent. Unless they allow you to pay after, thus using cash, there will be major backlash from it.

I suppose they could make you use a debit card...

gut;1374662 wrote:Exactly. I think the shadier retailers like this because by the time they realize they've got this extra hidden fee it will generally be too late. It's a mini-bonanza for retailers that don't get much repeat business.

Laley23;1374673 wrote:I dont get cash back or any kind of points system for my debit or cash.

WebFire;1374681 wrote:And retailers should care about that why?

sleeper;1374678 wrote:They have to post that they are charging a fee and show it on the receipt. Also, if you return your item, they have to refund the fee. They still may get some dumb customers though.

sleeper;1374683 wrote:Because you can shop somewhere else that does?

sleeper;1374677 wrote:You don't have to be exact. If you have 10 gallon tank, need to fill it half way up(5 gallons) at $3.12 a gallon, give the clerk a $20. After you fill up the gas tank, go back in and get your change.

gut;1374688 wrote:But by the time they've rung you up, or you've finished your meal, you're SOL. If you don't have the cash, you'll grudgingly pay the fee (as opposed to waiting in line again, and even if there's an ATM probably $3 to get cash, anyway).

Sort of like the first time you learn about "occupancy tax". Ohhhh, this hotel is only $99 a night - then you get your bill and it's north of $120 with all the taxes.

WebFire;1374670 wrote:That's what debit cards are for.

sleeper;1374702 wrote:Most restaurants allow you to review your bill before they've rung you up.

FatHobbit;1374704 wrote:Don't they have to pay a transaction fee for debit cards too? I mean I guess I could switch to a debit card but I'm not sure how that benefits the retailer because then he has to eat that fee instead of the credit card fee.

My biggest issue with a debit card is if there is fraud isn't you money already gone from your account? I'm pretty sure the liability on credit card fraud is much lower than debit card fraud as well. (I think $50 for cc and $500 for debit, but I could be wrong.)

sleeper;1374677 wrote:You don't have to be exact. If you have 10 gallon tank, need to fill it half way up(5 gallons) at $3.12 a gallon, give the clerk a $20. After you fill up the gas tank, go back in and get your change.

WebFire;1374706 wrote:What would you be able to do though? You've already eaten.

sleeper;1374615 wrote:Any retailer that does this will no longer get my business.

sleeper;1374702 wrote:Most restaurants allow you to review your bill before they've rung you up.

gut;1374728 wrote:But you've already eaten. If you don't have the cash you have no choice but to pay the fee. And unless the restaurant has your branch ATM that's not really an alternative option.