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Old February 12th 04, 03:53 PM
Dragan Cvetkovic
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Default Buying gear in US

Walt writes:


The advantage of using cash is that some smaller merchants may give
discounts for cash. Visa/MC take a 3 to 5 percent cut of the purchase
from the seller, so obviously the proprietor would prefer cash.
Unfortunately for the merchant, their agreements wih Visa/MC prohibit
them from charging more for credit sales than cash sales.


Interesting. Lot of small shops here in Canada (at least in Toronto) have a
sign "display prices are 3% cash discounted", which means that if you are
paying by Visa/MC/Amex, you need to add 3% on top of it. Plus 15% tax, of
course.

Bye, Dragan

--
Dragan Cvetkovic,

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