CONSUMERISM: Discounts for Cash?

About 503 million credit cards are inuse in the U.S. today— -proof enough that "plastic money" is replacing the folding kind. But the demonetization process is expensive. Merchants who routinely accept credit cards add a credit service surcharge of anywhere from 2% to 8% to the price of their product or service. Though cash customers do not benefit from the credit system, they in effect help to subsidize it because they pay the higher prices too. The situation smacked of price fixing to the nonprofit Consumers Union. So last February it brought an anti-trust suit against the most...

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