Credit card firms set out to stop separate pricing

[psyche_08]

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i really do hope they'll stop the extra charges. good thing i just bought a vacuum with no extra charge at all. phew!

[Onins]

November 5 jud hap? naa ko last Thursday morning sa PACIFIC sa may mandaue kana baligya mga constuction materials, electrical etc etc. ngCard ko kay wala najud koy cash napugos ko maski naa sila 5% na gipatong! grabe kadako 6T gud tanan!

Datu naman unta sila daan grabiha oi

[wicked_b]

hopefully oi...

[cali]

The 5% charge for credit card purchases goes to the bank. Nothing is for the establishment. that's why

[dagget]

i think stores who don't like the 5% surcharge should not get a credit card terminal

they should just accept cash

[edgeknife]

You can see other cellfone companies naa jud price nga cash price og unit price. mas mahal jud ang kadtong naa credit card comparing you will gonna buy that using cash.

[cebufox]

yes sa nov 5 na man jud kuno ni implement

http://www.sunstar.com.ph/static/ceb...urcharges.html

[dagget]

yes merchants would say they are charged 5% by banks when using credit cards.

In the first place they know it. why would they still get a credit card terminal

5% collected by banks would pay for the terminals, computer servers, telephone lines, 1-800-number for support etc.... that will approve the transaction.

In the end what do banks get is less than 3%.

[dagget]

I think this nov. 5 what DTI will do is enforce the price tag law

only 1 price per item.

No 2 prices for a single item. (cash price and credit card price)

[dagget]

another article on surcharges

http://www.philstar.com/philstar/NEWS200610290706.htm