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paying with checks has been withdrawn in germany from 2002-01-01
----- Original Message -----
Sent: Friday, September 06, 2002 2:32
AM
Subject: [USMA:22097] Re: Fwd: RE:
Spanish dollar
In a message dated 2002-09-05 17:36:48 Eastern Daylight
Time, [EMAIL PROTECTED]
writes:
Credit Cards are both a blessing and a curse. Many
businesses like credit
cards, even if they have to pay a fee. They
feel that it helps bring in
customers who normally would not be able to
purchase their products due to
lack of funds. They feel the 2-3 %
surcharge is worth it. It doesn't cut
into their profits as they
add that cost into the price of the product. The
bank that the shop
does business with pays the shop keeper right away as
soon as he/she
turns the receipts into the bank for processing. Even if
the
customer may not pay the bank for months, or possibly
never.
Businesses pay this fee, but they also
save:
- The cost of running their own credit operation
- The cost of
bad checks
- The cost of handling as much cash, counting cash, safeguarding
cash, and depositing it -- surprisingly, this process is not
free.
cm
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