http://www.barrywheeler.ca/2009/01/lower-credit-card-rates/ Where Geeks can be Geeks Sat, 04 Sep 2010 03:40:58 +0000 hourly 1 http://wordpress.org/?v=3.0.1 http://www.barrywheeler.ca/2009/01/lower-credit-card-rates/comment-page-1/#comment-67 Dat To Wed, 28 Jan 2009 13:51:06 +0000 http://www.barrywheeler.ca/?p=291#comment-67 AGREED ON ALL YOUR POINTS! Because they cannot provide more value to justify higher costs and because they have people by the..., like a bunch of loan sharks, they raised interest rates on people who missed payments. Great idea, create more financial stress! For businesses: With the rebranding of certain cards, now the same customers that shop at a business will increase the costs of payment processing to the merchant shop owner. Insult to injury- no one can tell you which cards incur these charges and it wouldn't matter if they did, because you probably couldn't not accept certain cards. Probably violates your merchant account agreements if you are lawyer and understand what you agreed to. AGREED ON ALL YOUR POINTS! Because they cannot provide more value to justify higher costs and because they have people by the…, like a bunch of loan sharks, they raised interest rates on people who missed payments. Great idea, create more financial stress!
For businesses: With the rebranding of certain cards, now the same customers that shop at a business will increase the costs of payment processing to the merchant shop owner. Insult to injury- no one can tell you which cards incur these charges and it wouldn’t matter if they did, because you probably couldn’t not accept certain cards. Probably violates your merchant account agreements if you are lawyer and understand what you agreed to.

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