Scarlet_Buckeye
Posts: 5,264
Jan 25, 2013 1:04pm
Looks like Ohio is going to be a state where this applies:
http://finance.yahoo.com/news/retailers-may-begin-charging-swipe-155839837.html
http://finance.yahoo.com/news/retailers-may-begin-charging-swipe-155839837.html
FatHobbit
Posts: 8,651
Jan 25, 2013 1:08pm
that sucks
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WebFire
Posts: 14,779
Jan 25, 2013 1:18pm
Good. Maybe people will start using cash again.
FatHobbit
Posts: 8,651
Jan 25, 2013 1:21pm
Is that better?WebFire;1374607 wrote:Good. Maybe people will start using cash again.
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BR1986FB
Posts: 24,104
Jan 25, 2013 1:26pm
Not to sound dumb but I see the article says "credit" cards. Does that also include Mastercard/Visa bank "debit" cards? I'd assume so but I want to keep an eye on this. I pretty much never carry cash and it will suck if I have to withdraw from the ATM all of the time. Will really suck if gas pumps start charging swipe fees.
sleeper
Posts: 27,879
Jan 25, 2013 1:28pm
Any retailer that does this will no longer get my business.
Laley23
Posts: 29,506
Jan 25, 2013 1:29pm
Nope. Article says paying in cash or debit is a way around it.BR1986FB;1374613 wrote:Not to sound dumb but I see the article says "credit" cards. Does that also include Mastercard/Visa bank "debit" cards? I'd assume so but I want to keep an eye on this. I pretty much never carry cash and it will suck if I have to withdraw from the ATM all of the time. Will really suck if gas pumps start charging swipe fees.
Heretic
Posts: 18,820
Jan 25, 2013 1:29pm
That's what I want to know, too. I don't carry cash all the time, so I need to know if I'm going to need to, as giving up 2-3% fees regularly will not be in my plans.BR1986FB;1374613 wrote:Not to sound dumb but I see the article says "credit" cards. Does that also include Mastercard/Visa bank "debit" cards? I'd assume so but I want to keep an eye on this. I pretty much never carry cash and it will suck if I have to withdraw from the ATM all of the time. Will really suck if gas pumps start charging swipe fees.
EDIT: And question answered. Thanks, Laley. And those bastards can all fuck themselves. Not getting any of my cash.
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BR1986FB
Posts: 24,104
Jan 25, 2013 1:31pm
Gracias. Didn't see that.Laley23;1374617 wrote:Nope. Article says paying in cash or debit is a way around it.
Laley23
Posts: 29,506
Jan 25, 2013 1:32pm
My plan will be to load up a large cart of small items from around the store. Go to pay, and ask if they have the Swipe Fee. Then say sorry I no longer wish to purchase from here and leave the cart full and walk out the door.
sleeper
Posts: 27,879
Jan 25, 2013 1:34pm
I could see this being a retailer that would do this. I think people would gladly pay the small fee rather than lugging around $50 in cash to pay for things. In addition, if people actually have to go into the retail store to pay for gas, if they choose to avoid the fee, they might end up buying things at the gas station retail store.BR1986FB;1374613 wrote:Not to sound dumb but I see the article says "credit" cards. Does that also include Mastercard/Visa bank "debit" cards? I'd assume so but I want to keep an eye on this. I pretty much never carry cash and it will suck if I have to withdraw from the ATM all of the time. Will really suck if gas pumps start charging swipe fees.
sleeper
Posts: 27,879
Jan 25, 2013 1:35pm
Yup. This is exactly what I plan to do as well.Laley23;1374626 wrote:My plan will be to load up a large cart of small items from around the store. Go to pay, and ask if they have the Swipe Fee. Then say sorry I no longer wish to purchase from here and leave the cart full and walk out the door.
sleeper
Posts: 27,879
Jan 25, 2013 1:36pm
And let's be honest here, if any retailer does this, it'll just further people going on Amazon to buy things because I doubt Amazon would get involved in this. Gas and groceries are about the only things people buy in person on a consistent enough basis so those retailers may end up doing this.
Fly4Fun
Posts: 7,730
Jan 25, 2013 1:38pm
Eh, if I owned a gas station and the one across the street from me was charging the "swipe" fee. I know I sure as hell wouldn't. I have to imagine there are people that would gladly turn left instead of right to save $1 on a $50 fill up.
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WebFire
Posts: 14,779
Jan 25, 2013 1:38pm
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?
majorspark
Posts: 5,122
Jan 25, 2013 1:39pm
Everyone is paying for it now. Its just hidden in the cost of the product.
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WebFire
Posts: 14,779
Jan 25, 2013 1:39pm
Cash better than credit card? I will let you think about that one.FatHobbit;1374609 wrote:Is that better?
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WebFire
Posts: 14,779
Jan 25, 2013 1:39pm
Problem with that is, the cost of the product will not decrease if the fee is implemented.majorspark;1374638 wrote:Everyone is paying for it now. Its just hidden in the cost of the product.
majorspark
Posts: 5,122
Jan 25, 2013 1:40pm
But may increase at a smaller rate.WebFire;1374640 wrote:Problem with that is, the cost of the product will not decrease if the fee is implemented.
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WebFire
Posts: 14,779
Jan 25, 2013 1:41pm
For the record, I don't like this either. It's the cost of doing business and making the decision to accept CC. But I LOL at people no longer shopping somewhere because of it. Either pay cash/debit or accept that it costs the business more when you use CC.
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WebFire
Posts: 14,779
Jan 25, 2013 1:41pm
Doubtful.majorspark;1374641 wrote:But may increase at a smaller rate.
sleeper
Posts: 27,879
Jan 25, 2013 1:42pm
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.Fly4Fun;1374635 wrote:Eh, if I owned a gas station and the one across the street from me was charging the "swipe" fee. I know I sure as hell wouldn't. I have to imagine there are people that would gladly turn left instead of right to save $1 on a $50 fill up.
It could get interesting.
majorspark
Posts: 5,122
Jan 25, 2013 1:44pm
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.WebFire;1374644 wrote:Doubtful.
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gut
Posts: 15,058
Jan 25, 2013 1:48pm
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.
But now with this law they'll get an extra 2-3% that's not going to be represented in the posted price.
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WebFire
Posts: 14,779
Jan 25, 2013 1:49pm
I understand that. What I'm saying is doubtful is that a business discontinues building it into the cost of goods because they charge the fee. They'll just add the fee and it will be business as usual. At least large retailers. Small mom and pops may be different.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.