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<p>[QUOTE="Blaubart, post: 1976368, member: 37498"]Sadly, what this does for consumers is raise most prices by around 3% because PayPal isn't the only payment service doing this. Credit card processors do it too. Most vendors who follow the rules of their payment processors simply set their price to account for the highest fee they could encounter during a sale, and people paying cash pay a higher price to accommodate credit card fees.</p><p><br /></p><p>Here's one possible solution, at least at some small businesses where the owner or cashiers might still have some flexibility. While it is typically a violation of the ToS of payment processors for a merchant to advertise a discount for cash, or add a surcharge for credit cards, a customer can always ask for a cash discount. I don't think obliging the customer in this way violates the ToS of most payment processors, but I could be wrong.</p><p><br /></p><p>Example: Both of my local coin stores accept credit cards. Neither of them expressly add a surcharge for doing so or advertise a cash discount. However, both of them will give a cash discount if the customer asks, even on bullion sales.[/QUOTE]</p><p><br /></p>
[QUOTE="Blaubart, post: 1976368, member: 37498"]Sadly, what this does for consumers is raise most prices by around 3% because PayPal isn't the only payment service doing this. Credit card processors do it too. Most vendors who follow the rules of their payment processors simply set their price to account for the highest fee they could encounter during a sale, and people paying cash pay a higher price to accommodate credit card fees. Here's one possible solution, at least at some small businesses where the owner or cashiers might still have some flexibility. While it is typically a violation of the ToS of payment processors for a merchant to advertise a discount for cash, or add a surcharge for credit cards, a customer can always ask for a cash discount. I don't think obliging the customer in this way violates the ToS of most payment processors, but I could be wrong. Example: Both of my local coin stores accept credit cards. Neither of them expressly add a surcharge for doing so or advertise a cash discount. However, both of them will give a cash discount if the customer asks, even on bullion sales.[/QUOTE]
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