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Author Topic: Primative whines about possible new costs  (Read 1779 times)

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Offline Skul

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Primative whines about possible new costs
« on: July 14, 2012, 08:47:34 AM »
Fairly new thread.
It has potential to really flare up, or just die out.
Only comments so far, are cute.

http://www.democraticunderground.com/1002946328
Quote
dkf (28,354 posts) Sat Jul 14, 2012, 09:22 AM

 Visa, Mastercard may allow retailers to charge customers more to use credit card in lawsuit settleme
Retailers will be able to charge their customers more for paying with credit cards under the terms of a multibillion-dollar settlement announced late in the day Friday.

MasterCard, Visa and major banks, including JPMorgan Chase and Bank of America, agreed to pay more than $6 billion to settle accusations that they engaged in anticompetitive practices in payment processing.

The settlement is the culmination of a lawsuit brought in federal court on behalf of roughly 7 million merchants in 2005.

Merchants said that the companies engaged in price-fixing to charge high fees for processing credit and debit card payments.
In addition, the merchants claimed, the payment processors unfairly banned stores from compelling their customers to use less expensive methods of payments like cash and checks.

http://www.mercurynews.com/business/ci_21071618/visa-mastercard-may-allow-retailers-charge-customers-more?refresh=no0 
Merchants are charged a percentage for every card transaction, DUmmie.
They will often raise all the prices of goods by that amount, to make up for profit loss.
Allowing them to charge deadbeats like you, that percentage, allows them to reduce the cost for cash paying customers.
There are several places around me, that give a percentage discount for pating cash.
Guess what that percentage is?

Quote
Response to dkf (Original post)
Sat Jul 14, 2012, 09:25 AM
 MadHound (31,442 posts)
1. Another reason not to use credit cards,
Cut them up and throw them away, your life will be so much better. 
Go right ahead, then try to rent a car, or make an internet purchase.

Quote
Response to dkf (Original post)
Sat Jul 14, 2012, 09:30 AM
no_hypocrisy (23,618 posts)
2. Unintended consequences:`

1. Less payments by credit cards (read, less profit on late fees, interest) Best choice.
2. More payments by:
a. Cash
b. Checking accounts
If anyone will accept it.  BTW, got a picture ID?
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Then-Chief Justice John Marshall observed, “Between a balanced republic and a democracy, the difference is like that between order and chaos.”

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Offline JohnnyReb

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Re: Primative whines about possible new costs
« Reply #1 on: July 14, 2012, 08:54:01 AM »
Obama bailed the banks out of the hole dug by democrats...now he wants his money back...and you DUmmies have to pay it.
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“The American people will never knowingly adopt socialism. But, under the name of ‘liberalism’, they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened.” - Norman Thomas, U.S. Socialist Party presidential candidate 1940, 1944 and 1948

"America is like a healthy body and its resistance is threefold: its patriotism, its morality, and its spiritual life. If we can undermine these three areas, America will collapse from within."  Stalin

Offline Bad Dog

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Re: Primative whines about possible new costs
« Reply #2 on: July 14, 2012, 08:57:28 AM »
If you really think about it, the fact that merchants charge you anything at all for purchases is an evil ripoff. I "need" those smokes & beer & they, as greedy capitalist opressors, have an obligation to provide for the (my) common good.
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Offline JohnnyReb

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Re: Primative whines about possible new costs
« Reply #3 on: July 14, 2012, 09:03:38 AM »
Quote from: Bad Dog on July 14, 2012, 08:57:28 AM
If you really think about it, the fact that merchants charge you anything at all for purchases is an evil ripoff. I "need" those smokes & beer & they, as greedy capitalist opressors, have an obligation to provide for the (my) common good.

People actually believe that every dime that goes in that cash register is pure profit.

HEY DUMMIES... air is toxic....stop breathing.
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“The American people will never knowingly adopt socialism. But, under the name of ‘liberalism’, they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened.” - Norman Thomas, U.S. Socialist Party presidential candidate 1940, 1944 and 1948

"America is like a healthy body and its resistance is threefold: its patriotism, its morality, and its spiritual life. If we can undermine these three areas, America will collapse from within."  Stalin

Offline Skul

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Re: Primative whines about possible new costs
« Reply #4 on: July 14, 2012, 09:24:21 AM »
Quote from: JohnnyReb on July 14, 2012, 09:03:38 AM
People actually believe that every dime that goes in that cash register is pure profit.

HEY DUMMIES... air is toxic....stop breathing.
Di-hydrogen oxide is particularly bad..... :-)
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Then-Chief Justice John Marshall observed, “Between a balanced republic and a democracy, the difference is like that between order and chaos.”

John Adams warned in a letter, “Remember democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet, that did not commit suicide.”

Offline marv

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Re: Primative whines about possible new costs
« Reply #5 on: July 14, 2012, 09:43:37 AM »
Quote from: Skul on July 14, 2012, 09:24:21 AM
Di-hydrogen oxide is particularly bad..... :-)
GASP! I just made some coffee..........
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Offline Bad Dog

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Re: Primative whines about possible new costs
« Reply #6 on: July 14, 2012, 10:10:34 AM »
Quote from: Skul on July 14, 2012, 09:24:21 AM
Di-hydrogen oxide is particularly bad..... :-)

Penn & Teller used Di-hydrous Monoxide on their phony petition they circulated at an Earth day march.  Sounds even more threatening.
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Offline Skul

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Re: Primative whines about possible new costs
« Reply #7 on: July 14, 2012, 10:12:27 AM »
Quote from: marv on July 14, 2012, 09:43:37 AM
GASP! I just made some coffee..........
Irish whiskey is an antidote. Trust me.  :whistling:
Right BD, I forgot the "mon" part. :cheersmate:
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Then-Chief Justice John Marshall observed, “Between a balanced republic and a democracy, the difference is like that between order and chaos.”

John Adams warned in a letter, “Remember democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet, that did not commit suicide.”

Offline 98ZJUSMC

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Re: Primative whines about possible new costs
« Reply #8 on: July 14, 2012, 10:14:04 AM »
Quote from: JohnnyReb on July 14, 2012, 08:54:01 AM
Obama bailed the banks out of the hole dug by democrats...now he wants his money back...and you DUmmies have to pay it.
:-)
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Offline Freeper

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Re: Primative whines about possible new costs
« Reply #9 on: July 14, 2012, 03:12:41 PM »
Hey DUmmies you think this bad, just wait until taxes are raised on those same merchants, that extra 10 cents on a bag of cheetos from this will look like a real bargain compared to the rising costs to cover the loss from taxes.
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Offline I_B_Perky

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Re: Primative whines about possible new costs
« Reply #10 on: July 14, 2012, 07:58:25 PM »
Quote from: Freeper on July 14, 2012, 03:12:41 PM
Hey DUmmies you think this bad, just wait until taxes are raised on those same merchants, that extra 10 cents on a bag of cheetos from this will look like a real bargain compared to the rising costs to cover the loss from taxes.

Wait until a bag of pot goes up cause the dealers costs go up too. Oh you will hear wailing and gnashing of teeth!
« Last Edit: July 14, 2012, 08:05:56 PM by I_B_Perky »
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Re: Primative whines about possible new costs
« Reply #11 on: July 15, 2012, 06:17:56 AM »
Quote from: Skul on July 14, 2012, 09:24:21 AM
Di-hydrogen oxide is particularly bad..... :-)

Dihydrogen Monoxide sounds more menacing.  

It's in EVERYTHING, you know.   :lmao:

As far as credits cards go, my oldest son works for a local NAPA dealer, and I get my auto parts at a HUGE discount.

However, I have to pay with cash or check, otherwise the transaction fee would be more than the store would make on the part.
« Last Edit: July 15, 2012, 06:24:15 AM by diesel driver »
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Offline jukin

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Re: Primative whines about possible new costs
« Reply #12 on: July 15, 2012, 11:23:25 AM »
This is the circular reasoning of the big-gov democrat party.

1. Pass a law by lying about saving the consumer money.
2. Implement law so that the consumer losses money.
3. Grow government on the backs of those consumer losses.
4. Bitch and moan how the law is not working and lie about needing a new law.
5. Pass a law by lying about saving the consumer money.
6. Implement law so that the consumer losses money.
7. Grow government on the backs of those consumer losses.
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When you are the beneficiary of a policy that steals from someone and gives it to you in return for your vote, it produces a sense of entitlement and dependency.

Offline obumazombie

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Re: Primative whines about possible new costs
« Reply #13 on: July 15, 2012, 11:25:43 AM »
Quote from: jukin on July 15, 2012, 11:23:25 AM
This is the circular reasoning of the big-gov democrat party.

1. Pass a law by lying about saving the consumer money.
2. Implement law so that the consumer losses money.
3. Grow government on the backs of those consumer losses.



Anything to advance the agenda. The agenda is all that matters.
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