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Article #983Re: BEWARE! Re:SIMMS4/8/16/32MB EDO$39/$71/$138/$309
From: Robert H. Merriman
Date: Sat, 01 Jun 1996 00:00
Date: Sat, 01 Jun 1996 00:00
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Actually the law didn't change. The law prohibits charging a surcharge for using a credit card. The law originated when gas stations started charging a premium for using credit cards. Shrewd operators seizeed on the fact that the law did not prohibit giving a discount for paying cash. They simply raised their prices and offered a discount for paying cash. The net effect is identical. One is legal and the other is not. The same tactic was used in states that adopted the Uniform Residential Landlord Tenant Act. The act prohibits charging a late fee on rents. Shrewd andlords raised their prices by 5%, made the due date the 5th of the month and offered a 5% discount for paying your rent five days early. In either case, I don't know that I would make such a big deal of it. Banks charge the merchant 2-5% of their credit card sales volume. The merchant is just trying to pass on the added cost of doing business via credit card. It makes sense that those who use credit cards should pay their fair share of the additional freight. This keeps the prices lower for everyone. Bob ____________________________________________________________________ Robert H. Merriman Russian Linguist merriman@merriman.com P. O. Box 219 Science & Technology (301)725-2006/voice Laurel, MD 20725 Business, Economics, Law (301)725-2007/fax
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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 1067c3,7bf8150a364b5259 X-Google-Attributes: gid1067c3,public X-Google-Thread: 11561b,7bf8150a364b5259 X-Google-Attributes: gid11561b,public X-Google-Thread: 10cf22,7bf8150a364b5259 X-Google-Attributes: gid10cf22,public X-Google-Thread: fd959,7bf8150a364b5259 X-Google-Attributes: gidfd959,public From: merriman@merriman.com (Robert H. Merriman) Subject: Re: BEWARE! Re:SIMMS4/8/16/32MB EDO$39/$71/$138/$309 Date: 1996/06/01 Message-ID: <4opvgt$jg5@news9.erols.com> X-Deja-AN: 157934030 references: <4ohlrb$ple@news1.radix.net> <4ol1mc$l6e@shore4.intercom.net> <4ol24r$l6e@shore4.intercom.net> <4olh3a$35h@portal.gmu.edu> <31af955b.6709433@news.taconic.net> organization: Earth (Third Planet from the Sun) reply-to: merriman@merriman.com newsgroups: us.forsale.computers,misc.forsale.computers.memory,misc.forsale.computers.pc-specific.misc,dc.forsale.computers