Post
Topic
Board Economics
Re: how much are actually bank fees to pay by credit card or send money?
by
leannemckim46
on 10/09/2014, 02:48:03 UTC
The costs are often hidden because they are paid by the merchant.  -snip-

Dont be naive. The merchants pays for nothing, since all expenses are added to the price of the product the customer pays. Its allways the customer that pays the price.

So what you're saying, is that paying with cash is a rip off because because you're paying the markup of credit cards, but don't get the benefits of one.
This is essentially what happens. Cash customers essentially subsidize people that pay via credit card.