Even Better Than Bartering! - Tire Review Magazine

Even Better Than Bartering!

At least there is some good news coming out of Congress’ latest effort to re-regulate the credit card industry.

You will probably be doing a lot more cash business!

According to a Wall Street Journal story, retailer may be able to set higher prices for credit card users, supposedly to offset the ridiculously high discount rates card issuers charge per transaction.

It has supposedly been illegal to offer lower “cash prices” to consumers, but now Congress is set to return that liberty, finally recognizing that cash customers have been subsidizing the credit card industry for years. Cash customers, as one merchant told the WSJ, has been paying a penalty that only helps credit card users and processors.

We’ll keep an eye on this bill as it moves forward. Meanwhile, better start practicing making change!

If you have comments to share, send to me at [email protected].

– Jim Smith

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