Quote Originally Posted by Horsepower View Post
1. Merchants are paid in full regardless of the card transaction or payment arrangements.

2. There's no such thing as 0%. It's all a lie. Interests are already factored in. Consider, you can get discounts on cash but not on card.
This is so true. Case in point; go to the audio/visual stores sa shangrila mall. They sell 32" LCD flat screen TV for PHP 99,000.00 at 0% 12, 18 or 24 months via MasterCard. Now if you pay cash, the same unit will retail at PHP 65,000.00 only. There is your mark up.