Quote:
Originally Posted by ITD
I'm fan of credit too, but the more I see of electronic transactions and lower and lower transaction value reporting requirements of card companies to the government, I appreciate cash more and more.
I support VK's decision to not offer credit cards. Overhead on transactions is expensive and generally you need to rent the machines. And regardless of what most people think, those costs are always passed on to the consumer, same as corporate taxes.
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And depending on the amount of business and deal they are able to get a business pays around 3% for each transaction. I have noticed in the last couple of years if you use plastic, more and more people are adding a fee to use it. As I recall it used to be illegal to do that but not anymore.