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Credit Card Industry Propaganda

6:56 pm on Jun 23, 2009 (gmt 0)

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This is huge...this is bull...this is true propaganda in my opinion - I saw this ad at the top of drudgereport today and clicked the link:


This guy is so disarming...he is so believable but I along with other merchants know better...the credit card industry does not help with chargebacks and is making bank using an automated system...

7:13 pm on June 23, 2009 (gmt 0)

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Oh my god: "Merchants Are Trying to Pass Their Costs Off to Consumers".

And I thought that was what our economy is about: You pass off your costs to the consumer and add something on top to make a living.

If someone wants to use his credit card for payment he should pay for it himself. The whole 30 cents + 3%. Or whatever. If surcharges are not allowed I as a customer have to pay part of other customers charges although I hardly ever use my credit card for payment but prefer bank-transfer, direct debit and cash.

I booked a flight today here in Europe where the credit card companies where forced to allow surcharges a few years ago. If I had used my credit card I would have had to pay 9 EUR more. So I payed direct debit - which was without surcharges.