re: Credit card processing fee

True the fee is a part of doing business, put for me a basic credit card has a 1.38% discount rate. These card companies are pushing these rewards cards as if they are actually giving their customers this bonus, when they know damn well they don’t pay for crap. These 1or 2% rewards cards come with discount rates that reflect the rewards so they are usually 2.5-3.5%. Anyone who has read the 1/2 inch thick rate book provided by the actual processing company knows very few cards qualify for the lowest discount rate. Eventually, it all trickles down to the cosumer, but the consumer is too stupid to realize that free flight or vacation they “earned” was paid for by them anyways in the inflated prices they paid for the products they purchased. If they paid interest on these purchases, then they paid more that what the “free” shite was worth. I am honestly to the point where I feel I need to educate the cost of using credit cards for purchases by having informational signs printed and posted in my stores for customers to read.