Using cash is like...
(media.gab.com)
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And it screws the bank out of their percentage. Some places even give you the discount for 💸
I've found they're not really giving a discount, at least in my neck of the woods. They jack up the prices to include the credit surcharge, and then when you pay cash, you're actually paying what would have been the "normal" price.
You pay less..... The count is less than otherwise.
The store pays less (cost of business) and passes this on to you.
What would be a good term for this?????
It's a discount in name. They're playing with words.
Yesterday you lunch at a coffee shop for $10. Today you go in to find that same lunch is $11.00, but if you pay with cash, you get a 9% "discount". So that lunch ends up $10. So... not really a discount, they just found a way to say "we're not charging extra for using a card, we're giving a 'discount' for paying cash."
I'm OK with calling it "cash discount".
This can occur compared to writing a check.
I do agree that this is a matter of semantics.