Apple's Upgrade Program Now Available for iPhones Purchased Through Online Store

[planetMitch]

Somehow he thinks that it's the credit card end user that is paying the 3%.

OF COURSE THE END USER IS PAYING THE 3% - in higher prices - it is passed on to the consumer every time silly goose
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I agree with the others who think you are beating the wrong dead horse!

Also you're overlooking the fact that companies have to pay to deposit checks and cash, so even if a shop was to go cash only, they wouldn't be able to drop their prices by 3% because they would be paying more for cash deposit services (e.g. armoured carriers), higher insurance premiums because they have thousands in cash sitting on the premises which makes them a more likely target for robbers, they have to hedge against counterfeit notes, there's more risk for employee theft etc...

Yes card companies make money on each transaction, but they price themselves so it's a wash for the merchant.

But I like beating dead horses

You make a very valid point which I hadn't considered. Thanks for the level headed addition to the conversation.

 

[617aircav]

OF COURSE THE END USER IS PAYING THE 3% - in higher prices - it is passed on to the consumer every time silly goose
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But I like beating dead horses

You make a very valid point which I hadn't considered. Thanks for the level headed addition to the conversation.

Please explain the higher prices we pay when using a credit card as opposed to when paying with cash? No store charges differ end prices based on payment. The cost you keep mentioning is for processing the payments. You do know that cash payments also cost money to process to the bank which is obviously reflected in the price of products. So using credit cards is not making products more expensive as you claim as cash does the same when one uses your very own logic.

 

[Roller]

Retailers factor credit card swipe fees and costs of processing cash payments into what they charge for goods and services. But they rarely offer discounts to cash customers, in my experience. Those with low margins also consider how much it costs them to take credit cards; that's why some don't accept Amex, which charges higher transaction fees.

Credit cards are a good deal for people who avoid interest charges by paying off their accounts each month, since the perks (extended warranties, airline points, and such) often are more than worth the annual fee. And I see no downside for those who get an iPhone on an interest free loan under Apple's upgrade program paid by a personal credit card under the same conditions. Credit cards can be a trap for people who can't pay them off and end up paying interest, but that's not the issue here.