Path: utzoo!utgpu!jarvis.csri.toronto.edu!rutgers!apple!ames!haven!aplcen!jhunix!ins_adjb From: ins_adjb@jhunix.HCF.JHU.EDU (Daniel Jay Barrett) Newsgroups: comp.sys.amiga Subject: Re: The Mail Order Amiga Message-ID: <1898@jhunix.HCF.JHU.EDU> Date: 10 Jun 89 13:29:59 GMT References: <767@corpane.UUCP> Reply-To: ins_adjb@jhunix.UUCP (Daniel Jay Barrett) Organization: The Johns Hopkins University - HCF Lines: 24 In article ej0s+@andrew.cmu.edu (Eric Jenkins) writes: :The reason companies have an additional charge for use of a credit card :is because credit card companies charge the companies for use of :a credit card; usually between 3%-5% of the purchase price. That means :that if you could purchase an Amiga 2500 from Go Amigo for $3399 with :your Visa credit card, Go Amigo would submit a charge order of $3399 :to Visa, Visa would debit your account by $3399 and Visa would send :Go Amigo only $3297.03 cash. To make up for this $101.97 difference :between the purchase price and the amount of money actually collected :by Go Amigo when you use your credit card, Go Amigo charges you the :difference. I was under the impression that it is illegal for a company to charge you extra like this for using a credit card. This is why two-price gas stations (cash/credit) always put the credit price on the pumps and give you a "cash discount" -- it's a loophole to pass credit charges to their customers. (Think about it -- a cash price on the pumps makes more sense because credit card customers are not concerned with exact change....) Does anyone know the actual laws about this? -- # Dan Barrett barrett@cs.jhu.edu (128.220.13.4) ARPANET # # ins_adjb@jhuvms.bitnet BITNET # # ins_adjb@jhunix.UUCP UUCP (unreliable) # # Dept. of Computer Science, Johns Hopkins University, Baltimore, MD 21218 #