19 replies to this topic

[hegemony]

thanks in advance...I look forward to learning about the hundreds of merchants put out of business due to credit card fees.

[2fast]

I will list 3 for every one you list who lowered their prices due to increasing merchant fees... I have 12 ready and await your post.

[hegemony]

I will list 3 for every one you list who lowered their prices due to increasing merchant fees... I have 12 ready and await your post.

12 companies that went down because of merchant fees. wow. thank goodness that soon there will be laws against using credit cards at all.

[lolipop]

I will list 3 for every one you list who lowered their prices due to increasing merchant fees... I have 12 ready and await your post.

Some small merchants probably better off not accept credit cards. What profit can they make with a dollar or two in purchases?

[hegemony]

bump. I am still waiting for the list of retailers that went out of biz due to merchant card fees. thanks.

[frank22]

They don't have to be going bankrupt for the fees to be too high compared to their value. Doe a person need to be going bankrupt in order for him to decide cable might be worth $40 a month, but raising it to $80 isn't worth it? Then being told by his apartment complex that he has to have it to live there?

A too high fee is a too high fee, whether it forces one out of business or not is not the deciding factor.

[hegemony]

They don't have to be going bankrupt for the fees to be too high compared to their value. Doe a person need to be going bankrupt in order for him to decide cable might be worth $40 a month, but raising it to $80 isn't worth it? Then being told by his apartment complex that he has to have it to live there?

A too high fee is a too high fee, whether it forces one out of business or not is not the deciding factor.

fees are too high for what? or do you just mean profits too low

[frank22]

They don't have to be going bankrupt for the fees to be too high compared to their value. Doe a person need to be going bankrupt in order for him to decide cable might be worth $40 a month, but raising it to $80 isn't worth it? Then being told by his apartment complex that he has to have it to live there?

A too high fee is a too high fee, whether it forces one out of business or not is not the deciding factor.

fees are too high for what? or do you just mean profits too low

Your questions has little to do with the question of the thread. The point of your premise implies that the fee needs to be bankrupting a company to be unfair. Bringing up the theft analogy again, does theft need to be bankrupting a company to be a concern? A defense to theft would be the company can afford it? Likewise, the too high or too low question is not answered at all by whether they are going out of business or not. Your issue is false because it isn't relevant.

Edited by frank22, 21 July 2010 - 03:24 PM.

[hegemony]

They don't have to be going bankrupt for the fees to be too high compared to their value. Doe a person need to be going bankrupt in order for him to decide cable might be worth $40 a month, but raising it to $80 isn't worth it? Then being told by his apartment complex that he has to have it to live there?

A too high fee is a too high fee, whether it forces one out of business or not is not the deciding factor.

fees are too high for what? or do you just mean profits too low

Your questions has little to do with the question of the thread. The point of your premise implies that the fee needs to be bankrupting a company to be unfair. Bringing up the theft analogy again, does theft need to be bankrupting a company to be a concern? A defense to theft would be the company can afford it? Likewise, the too high or too low question is not answered at all by whether they are going out of business or not. Your issue is false because it isn't relevant.

so your answer is you can't name any firms going under due to these fees. if you find any please post about them and keep this thread on topic.

[radi8]

It's an impossible question, businesses rarely make public the reasons they close their doors. They just close them.

[hegemony]

It's an impossible question, businesses rarely make public the reasons they close their doors. They just close them.

given all the whining by merchants I would think there are hard numbers behind the claims. I guess not. just subprime retailers out to make more profit off consumers.

[frank22]

It's an impossible question, businesses rarely make public the reasons they close their doors. They just close them.

given all the whining by merchants I would think there are hard numbers behind the claims. I guess not. just subprime retailers out to make more profit off consumers.

You exaggerated and issue in order for you to strike it down.

You didn't answer this, and it really needs to be answered if you point has merit:

The point of your premise implies that the fee needs to be bankrupting a company to be unfair. Bringing up the theft analogy again, does theft need to be bankrupting a company to be a concern? A defense to theft would be the company can afford it? Likewise, the too high or too low question is not answered at all by whether they are going out of business or not.

[hegemony]

it is reassuring to know that retailers are not going out of biz due to these fees. I wonder why there are so few retailers that don't accept credit cards?

[frank22]

it is reassuring to know that retailers are not going out of biz due to these fees. I wonder why there are so few retailers that don't accept credit cards?

So again,every cost to a retailer that doesn't put him out of business must be OK, he shouldn't try to manage any cost that doesn't put him out of business? Is this how you run your personal finances? Cable rates double, you just pay it without any thought because you have it in the bank? In that regard, you should offer to pay whatever it takes to get a merchant to run the card, by that logic, if it doesn't put you in bankruptcy you should just pay it and stop whining. I don't think you will.

Edited by frank22, 22 July 2010 - 02:48 PM.

[hegemony]

it is reassuring to know that retailers are not going out of biz due to these fees. I wonder why there are so few retailers that don't accept credit cards?

So again,every cost to a retailer that doesn't put him out of business must be OK, he shouldn't try to manage any cost that doesn't put him out of business? Is this how you run your personal finances? Cable rates double, you just pay it without any thought because you have it in the bank? In that regard, you should offer to pay whatever it takes to get a merchant to run the card, by that logic, if it doesn't put you in bankruptcy you should just pay it and stop whining. I don't think you will.

if credit card fees are too high the smart retailer would simply not accept credit cards.

[frank22]

it is reassuring to know that retailers are not going out of biz due to these fees. I wonder why there are so few retailers that don't accept credit cards?

So again,every cost to a retailer that doesn't put him out of business must be OK, he shouldn't try to manage any cost that doesn't put him out of business? Is this how you run your personal finances? Cable rates double, you just pay it without any thought because you have it in the bank? In that regard, you should offer to pay whatever it takes to get a merchant to run the card, by that logic, if it doesn't put you in bankruptcy you should just pay it and stop whining. I don't think you will.

if credit card fees are too high the smart retailer would simply not accept credit cards.

This is what a retailer will be allowed to do! He will be allowed decide the fee for the lower value transaction is too high and decide not to accept it. He will be able to accept it for the higher value ones. This is pretty much what he is able to do for most every cost of business. I guess we agree then! Great!

You still haven't backed up your premise for this thread. That a costs must be putting someone in bankruptcy to be to high, and the absence of bankruptcy means a retailer should just accept any cost, no matter how valuable.

Edited by frank22, 22 July 2010 - 03:38 PM.

[hegemony]

these mindless retailers act as if there is no cost to cash transactions.

[frank22]

these mindless retailers act as if there is no cost to cash transactions.

No they never, never said that. There you go again. They acknowledge there is cost to cash, and they also acknowledge the value of accepting cards. They think over all that the value was worth it before, but when the price doubled, they thought they would like a little more control. Control is the only thing that keeps costs in check, and it is absent here.

[hegemony]

back on topic...

looking for seeing the names of retailers going out of biz due to these fees.

[radi8]

just subprime retailers out to make more profit off consumers.

How will they make additional profit off of me by setting a minimum? I'm perfectly happy to pay cash & take the cash discount if it's the better deal. They may make a few fractions of a penny more off of the stubborn few who think the constitution says something about credit cards being a basic right.

If you don't care to deal with cash, just avoid merchants who require it. Pretty simple isn't it?