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Discount for cash

Discount for cash

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by: BooBear Active Indicator LED Icon  OP 
~ 1 mo, 17 days ago    
Discount for cash
 
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Went to eat..I thought it was interesting to get a little off for paying cash. I understand the fees from credit card processers add up but I'd more understand charging more for credit.
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WTF Active Indicator LED Icon
~ 1 mo, 17 days ago    
Discount for cash Went to eat..I thought it was interesting to get a little off for paying cash. I understand the fees from credit card processers add up but I'd more understand charging more for credit.
 
@BooBear :
You get off when you pay cash?
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BooBear Active Indicator LED Icon  OP 
~ 1 mo, 17 days ago    
Nevermind..I just did the math..and they actually charged $.01 more than they should have even for cash. They would have charged extra for credit..
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BooBear Active Indicator LED Icon  OP 
~ 1 mo, 17 days ago    
BooBear : You get off when you pay cash?
 
@WTF : you don't?
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Texasdad Active Indicator LED Icon
~ 1 mo, 17 days ago    
I like spending cash, however I need more Cash.
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Weathergirl5 Active Indicator LED Icon Forum Moderator
~ 1 mo, 17 days ago    
@BooBear : Still a better deal to use your credit card if you are getting 4% or more cash back.
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WTF Active Indicator LED Icon
~ 1 mo, 17 days ago    
WTF : you don't?
 
@BooBear :
No
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mutton Active Indicator LED Icon
~ 1 mo, 17 days ago    
Just give me the dam food!
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donnatella Active Indicator LED Icon Forum Moderator
~ 1 mo, 17 days ago    
@BooBear : It says dine in, and 1 guest. No way that ticket is just for you. Where's the red wine? Plus, I've never seen you eat that much in a whole weekend, much less one visit.
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mutton Active Indicator LED Icon
~ 1 mo, 17 days ago    
BooBear : It says dine in, and 1 guest. No way that ticket is just for you. Where's the red wine? Plus, I've never seen you eat that much in a whole weekend, much less one visit.
 
@donnatella : There are 2 beers, 1 jumbo margarita and 1 soft drink. Atleast 2 people...lol
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HappyHerself Active Indicator LED Icon
~ 1 mo, 17 days ago    
I understand the fees from credit card processers add up but I'd more understand charging more for credit.
 
@BooBear : Years ago someone told me that it is in the contracts between the credit card companies and the businesses they serve that there can be no surcharge for customer who uses a credit card rather than cash.
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ProblemAgain Active Indicator LED Icon
~ 1 mo, 17 days ago    
They aren't allowed to charge extra for paying via a credit card but they can offer a discount for cash. Credit card companies used to operate by charging 3% of the amount as their fee. That amount may vary these days dependent upon what company is the issuer
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BooBear Active Indicator LED Icon  OP 
~ 1 mo, 17 days ago    
BooBear : It says dine in, and 1 guest. No way that ticket is just for you. Where's the red wine? Plus, I've never seen you eat that much in a whole weekend, much less one visit.
 
@donnatella : it was me and two of my kids..
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BooBear Active Indicator LED Icon  OP 
~ 1 mo, 17 days ago    
They aren't allowed to charge extra for paying via a credit card but they can offer a discount for cash. Credit card companies used to operate by charging 3% of the amount as their fee. That amount may vary these days dependent upon what company is the issuer
 
@ProblemAgain : it was 5 or 6% last time I had to deal with servicers. And that amount was charged regardless if the transaction was approved or not.
 
This place was not offering a discount for cash..the cash price was the actual. They were up charging for credit.
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ProblemAgain Active Indicator LED Icon
~ 1 mo, 17 days ago    
Which according to the previous information was not allowed. But then there has to be a complainant to change things to alter a situation that brings in more money. Without complaints, I'm sure a lot of things are done that don't quite meet a standard or two.
 
Btw, that not being allowed by credit card companies to upcharge for the use of credit cards was probably in their best interest to promote the use of credit cards. In a more frugal time, it would be rare to knowingly pay more for a meal or other commodity by incurring a higher price to charge unless it was unavoidable like a car breakdown or the like. That mindset may no longer be applicable to the customers in general.
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