On May 10, 2010, at 5:05 52AM, Iljitsch van Beijnum wrote:
On 10 mei 2010, at 5:01, tytso(_at_)mit(_dot_)edu wrote:
I talked to a cab driver in Boston, and he's not very happy with
credit cards, because he was forced to use a new system for credit
cards, and it takes what he considered an unfairly large percentage
when customers pay by credit cards.
And that's why credit cards are so evil. I understand there are often
provisions that sellers can't charge a premium for credit card payments to
make up for the commission so in places where creditcards are common EVERYONE
pays more because of credit card commissions.
On the other hand, according to the NY Times taxi drivers in New York have
found that accepting credit cards (required by law in the city) has helped
their business and their bottom line:
http://www.nytimes.com/2009/11/08/nyregion/08taxi.html
--Steve Bellovin, http://www.cs.columbia.edu/~smb
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