KevinC
Well-Known Member
Much of this is driven by the credit card processing companies looking for additional revenue. The more you charge the more they make since they work on a percentage discount. Move people from 15 to 20 or more percent tips on top of tax and they make more on each sale.
Same with the credit card convenience fee that has popped up all over. These companies convince merchants its better to push the fee onto the consumer so that they can keep all of the money from the sale. Problem is merchants could pay 2.6% and they push a 4% fee many times to the consumer. Guess who profits on the extra 1.4% on gross bill.
-Kevin
Same with the credit card convenience fee that has popped up all over. These companies convince merchants its better to push the fee onto the consumer so that they can keep all of the money from the sale. Problem is merchants could pay 2.6% and they push a 4% fee many times to the consumer. Guess who profits on the extra 1.4% on gross bill.
-Kevin