Comments on: Credit Cards Make Purchases Cost More http://www.thehappyrock.com/2009/01/30/credit-cards-make-purchases-cost-more/ Getting out of Debt, Getting off the Couch, and Getting into Life Sun, 29 Jan 2012 16:23:20 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Jonathan@Friends&Money http://www.thehappyrock.com/2009/01/30/credit-cards-make-purchases-cost-more/comment-page-1/#comment-11707 Jonathan@Friends&Money Sun, 06 Dec 2009 18:50:22 +0000 http://www.thehappyrock.com/?p=1767#comment-11707 In the end businesses,especially small firms are also victims of credit card companies excessive fee charging, it's crazy that they can get away with the amounts charged In the end businesses,especially small firms are also victims of credit card companies excessive fee charging, it’s crazy that they can get away with the amounts charged

]]> By: TheCreditToolBox.com » Blog Archive » Credit Around The Blogosphere http://www.thehappyrock.com/2009/01/30/credit-cards-make-purchases-cost-more/comment-page-1/#comment-8253 TheCreditToolBox.com » Blog Archive » Credit Around The Blogosphere Sat, 07 Feb 2009 12:43:54 +0000 http://www.thehappyrock.com/?p=1767#comment-8253 [...] Credit Cards Make Purchases Cost More [...] [...] Credit Cards Make Purchases Cost More [...]

]]> By: Money Hacks Carnival #50 at Curious Cat Investing and Economics Blog http://www.thehappyrock.com/2009/01/30/credit-cards-make-purchases-cost-more/comment-page-1/#comment-8181 Money Hacks Carnival #50 at Curious Cat Investing and Economics Blog Wed, 04 Feb 2009 14:39:21 +0000 http://www.thehappyrock.com/?p=1767#comment-8181 [...] Credit Cards Make Purchases Cost More [...] [...] Credit Cards Make Purchases Cost More [...]

]]> By: Spartan Saving http://www.thehappyrock.com/2009/01/30/credit-cards-make-purchases-cost-more/comment-page-1/#comment-8155 Spartan Saving Tue, 03 Feb 2009 02:03:47 +0000 http://www.thehappyrock.com/?p=1767#comment-8155 I've read up into it now and maybe I'll change my ways. Considering some of the interchange fees are up to 2$ and then a 50 cents processing fee, you can't even make profit on the smaller sales considering some of them are only in profit for less then 50 cents. (Phone cards and such) For the smaller stores this must be quite a blow. I’ve read up into it now and maybe I’ll change my ways. Considering some of the interchange fees are up to 2$ and then a 50 cents processing fee, you can’t even make profit on the smaller sales considering some of them are only in profit for less then 50 cents. (Phone cards and such)

For the smaller stores this must be quite a blow.

]]> By: Cassy http://www.thehappyrock.com/2009/01/30/credit-cards-make-purchases-cost-more/comment-page-1/#comment-8117 Cassy Mon, 02 Feb 2009 11:21:31 +0000 http://www.thehappyrock.com/?p=1767#comment-8117 You know I always knew how much the fees are for processing CC payments and it got me crazy. Though credit cards are much more convenient I try to pay cash, avoiding any fees and extra expenses. You know I always knew how much the fees are for processing CC payments and it got me crazy. Though credit cards are much more convenient I try to pay cash, avoiding any fees and extra expenses.

]]> By: Kristy @ Master Your Card http://www.thehappyrock.com/2009/01/30/credit-cards-make-purchases-cost-more/comment-page-1/#comment-8114 Kristy @ Master Your Card Mon, 02 Feb 2009 05:52:02 +0000 http://www.thehappyrock.com/?p=1767#comment-8114 I think the merchants are being charged too much on the interchange fees, and the costs only go up every year. That said, we don't get a discount for paying cash, so I look at it like the cost of doing business. If it's too high, I'll go somewhere else. However, I try not to use my credit card for small purchases, just out of habit. Most places around here have the $10-15 limit, but some places choose not to restrict their customers that way. I think the merchants are being charged too much on the interchange fees, and the costs only go up every year. That said, we don’t get a discount for paying cash, so I look at it like the cost of doing business. If it’s too high, I’ll go somewhere else. However, I try not to use my credit card for small purchases, just out of habit. Most places around here have the $10-15 limit, but some places choose not to restrict their customers that way.

]]> By: Spartan Saving http://www.thehappyrock.com/2009/01/30/credit-cards-make-purchases-cost-more/comment-page-1/#comment-8108 Spartan Saving Sun, 01 Feb 2009 23:45:52 +0000 http://www.thehappyrock.com/?p=1767#comment-8108 Alas I no longer even carry cash around. For every purchase I make it's usually with some sort of a cc. Most of the stores in my area will accept payments from cc's even if it's less then 5$. The others can politely tell you to bring your purchase to 5$ or pay in cash, although I've never had either done. Then again in Canada maybe it's not such a problem as it may be in the States. Alas I no longer even carry cash around. For every purchase I make it’s usually with some sort of a cc. Most of the stores in my area will accept payments from cc’s even if it’s less then 5$. The others can politely tell you to bring your purchase to 5$ or pay in cash, although I’ve never had either done.

Then again in Canada maybe it’s not such a problem as it may be in the States.

]]> By: jake Home Worker http://www.thehappyrock.com/2009/01/30/credit-cards-make-purchases-cost-more/comment-page-1/#comment-8104 jake Home Worker Sun, 01 Feb 2009 06:54:39 +0000 http://www.thehappyrock.com/?p=1767#comment-8104 We can only hope the new regards in Washington for the merits of regulation will shine a light on the credit biz, which effective writes it's own regulations through it's lobbyists. I have seen a couple of replica watch/jewelry sites offering 10% - 15% discount for paying through Western union, rather than credit cards, it's disturbing to think some might consider that the second best choice to using a credit card. We can only hope the new regards in Washington for the merits of regulation will shine a light on the credit biz, which effective writes it’s own regulations through it’s lobbyists.
I have seen a couple of replica watch/jewelry sites offering 10% – 15% discount for paying through Western union, rather than credit cards, it’s disturbing to think some might consider that the second best choice to using a credit card.

]]> By: The Happy Rock http://www.thehappyrock.com/2009/01/30/credit-cards-make-purchases-cost-more/comment-page-1/#comment-8102 The Happy Rock Sun, 01 Feb 2009 04:38:38 +0000 http://www.thehappyrock.com/?p=1767#comment-8102 @Discover - Merchants often do benefit, because people wouldn't shop there if it wasn't convenient, and also people spend more with plastic. For small transaction they usually charge a flat fee + a percentage which is we small charges get hammered. @HMLR - I have actually swipe my card for a pack of gum before, it isn't uncommon for stores to not have a limit. @John - Good for you. You are probably better off for it. @Discover – Merchants often do benefit, because people wouldn’t shop there if it wasn’t convenient, and also people spend more with plastic. For small transaction they usually charge a flat fee + a percentage which is we small charges get hammered.

@HMLR – I have actually swipe my card for a pack of gum before, it isn’t uncommon for stores to not have a limit.

@John – Good for you. You are probably better off for it.

]]> By: John @ Curious Cat Investing Blog http://www.thehappyrock.com/2009/01/30/credit-cards-make-purchases-cost-more/comment-page-1/#comment-8101 John @ Curious Cat Investing Blog Sat, 31 Jan 2009 21:41:18 +0000 http://www.thehappyrock.com/?p=1767#comment-8101 I agree that the fees seem excessive. I do not normally use my credit card for small purchases, other than gas. I agree that the fees seem excessive. I do not normally use my credit card for small purchases, other than gas.

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