Re:Golden Rules for Making Money (1880)
by asynchronous13 on Monday March 25, 2019 @05:51PM
(#19487067)
There are still laws at the state level in the US that make it illegal for a merchant to charge more for credit cards. I lived in Colorado when the law passed there. It was impressive marketing by the credit card companies under the guise of consumer protection. Sucks because most people fell for the propoganda and now it's law.
[ Parent
| on HN ]
I also live in Colorado. It is still legal for vendors to offer discounts if you do not use a credit card. Some gas stations have lower prices for gas with cash versus card. If you are buying something you bargain for (e.g., furniture), you may be able to negotiate a lower price with cash versus card as well.
Re:Golden Rules for Making Money (1880)
by lotsofpulp on Monday March 25, 2019 @07:49PM
(#19487908)
FTC clearly states merchants can offer discounts for cash other payment methods:
https://www.ftc.gov/tips-advice/business-center/guidance/new...
>A PCN cannot stop you from offering your customers a discount or another incentive for using a certain method of payment, as long as you offer it to all your customers and disclose the offer clearly and conspicuously.