Quote Originally Posted by robsterclaw View Post
They get a fee from the stores you shop at for accepting the card. They are still making money off you. I can't say how much because my info is old, but at one time credit cards were getting 5% and higher from the stores. You used to see 2 prices for gas at gas stations. A cash price and a credit price. Also on gun broker some auctions say add 3% for credit card usage, so I'm guessing CC companies are getting 3%??? One of my customers said there is a percentage charge and a fee with each transaction. I think they said 10 cents plus 4%.
That means that when you pay cash, they still make money off of you.