XPost: rec.arts.sf.written, rec.arts.books   
   From: rod.speed.aaa@gmail.com   
      
   "The Horny Goat"  wrote in message   
   news:g2tu095a7hmvcb2beqimp9l5gdloed85s6@4ax.com...   
   > On Mon, 12 Aug 2013 13:23:24 +1000, "Rod Speed"   
   >  wrote:   
   >   
   >>>> Now a merchant who doesn't cover all his costs is out of business so   
   >>>> you know where those costs get passed along to.... in grocery stores   
   >>>> they used to work on a 1-2% margin because they were getting 'the   
   >>>> turns' but these days it's 7-8% mostly to cover card costs.   
   >>   
   >>> I don't know how much shop keepers get ripped off by the banks here,   
   >>   
   >>Its nothing like as high as that 7-8% here.   
   >   
   > Didn't say bank charges were that high. What I said is that groceries   
   > have historically made it on 1-2%, but some of the affinity VISA/MC   
   > cards have fees in the 4-6 range which is where that 7-8% number came   
   > from.   
   >   
   > In other words, the bank is making more on groceries than the grocery   
   > store itself is and by a considerable margin.   
      
   I just don't believe that most grocerys have a 1-2% margin for the grocer.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)