XPost: rec.arts.sf.written, rec.arts.books
From: robban@clubtelco.com
On 6/09/13 2:40 PM, Your Name wrote:
> In article , Gutless Umbrella
> Carrying Sissy wrote:
>
>> The Horny Goat wrote in
>> news:g5uv19duq8b9o58geqa4jsb2smk41hqe35@4ax.com:
>>
>>> On Wed, 28 Aug 2013 09:07:31 -0700, Gutless Umbrella Carrying
>>> Sissy wrote:
>>>
>>>>> Oh, they intend to get the customers to run a balance and
>>>>> getting to use credit cards is just greasing the skids.
>>>>>
>>>> And, apparently in Canada, lets them charge merchants an order
>>>> of magnitude more. Don't discount that as a motive. Merchant
>>>> fees apply whether the consumer carries a blance or not, and
>>>> overall probably account for as much as interest on balances, if
>>>> not more.
>>>
>>> Probably doesn't enter into it. Merchants pay the overhead plus
>>> a portion of the profit marge, customers carrying balances
>>> provide the gravy.
>>
>> And your source for that is? Other than your ass, of course.
>>>
>>> The reason merchant fees have gone up so dramatically is that
>>> people ARE getting smarter in their use of cards.
>>>
>> The reason merchant fees have gone up is because they can. There's a
>> percetpion of more fraud on the internet, which isn't accurate, but
>> is used as an excuse.
>
> The reason the fees keep going up is the same as it always is: the
> greedy selfish swines in management who do bugger all useful want even
> more obscene amounts in their own pay packets, bonuses, etc. :-(
>
You surely don't expect these poor battlers to struggle along on just a
million dollars a month? And obviously, if the share price drops by 50%,
they need a $5m bonus or more to ease their frayed nerves.
--
Robert Bannister
--- SoupGate-Win32 v1.05
* Origin: you cannot sedate... all the things you hate (1:229/2)
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