A question everybody can contribute to...
Posted in: Opinion
I pay for almost everything in cash, when possible. Obviously i'm having a hard time sending $20 bills through the internet, they keep getting stuck in my dvd slot for some reason. must be a jam. anyway, CC's are terribly convenient, but, as you note, expensive. I've also gotten in the habit of asking merchants if there are discounts for cash - i was surprised by how many offered up to 10% discounts simply for me paying cash - now, some don't (any store that's a major retailer or chain, for example), and that's fine.
Interestingly, a few years ago my wife had her identity stolen and a bunch of things put on a CC under her name. the charges were reversed, yadda yadda, but we wanted to take it further and nail the guy. the CC company effectively said that this was simply the cost of doing business, and there was no intent to further pursue/prosecute it from their end. Basically they just told the criminals they've got a very, very low chance of getting prosecuted, making it such a tempting target to continue to do more theft. Part of those transaction fees are going to subsidize that cost of doing business.
