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Path: utzoo!watmath!clyde!floyd!whuxle!mkg
From: mkg@whuxle.UUCP
Newsgroups: net.consumers
Subject: Re: Cash-payers: take note - (nf)
Message-ID: <294@whuxle.UUCP>
Date: Fri, 6-Apr-84 11:28:10 EST
Article-I.D.: whuxle.294
Posted: Fri Apr  6 11:28:10 1984
Date-Received: Sat, 7-Apr-84 04:46:01 EST
Sender: mkg@whuxle.UUCP
Organization: Bell Labs, Whippany
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#R:pyuxqq:-60700:whuxle:47400001:000:617
whuxle!mkg    Apr  6 11:28:00 1984

The removing the ban on surcharges on credit card purchases would NOT
cause "discounts for cash" but rather "price gouging for credit".

Do you really believe that prices will drop for cash purchases if the
ban were lifted.  I don't.  Instead, prices will remain the same and
credit prices will rise.  Look at what Exxon and other oil companies
did with their "discount for cash" scheme.  Did gasoline prices really
drop for cash purchases?  At first, there was the appearance of a real
discount but after a month, the "discount for cash" price was the same
as the old cash/credit price.
  Marsh Gosnell   whuxlb!mkg