Are there risks to merchants on 0% installments?

[Horsepower]

Kaya ako puro cash lang. hehe

[empy]

ahihihi....nasabi ni HP in two lines what took me a whole page to say

[Horsepower]

At least, yours is more detailed. :-)

I don't have a card, but facilitate card payments for some of my clients.

[pup2]

i doubt it. yan naman ang gusto ng bangko aka credit card company, mabaon ka sa utang.

hindi nga sila gano happy sa mga straight payers. yun tipong bili ka ng cellphone ngaun, tapos bayad ka sa cc before cutoff.

yun special installment plan limit ko from 20k to 90k in less than a year. sabi ng bank, kung may bibilin pa daw ako on installment na greater than 90k, puwede pa daw palakihin limit.

ngaun tuloy parang gusto bumili ng 32" samsung lcd tv. hay tukso!

hehe. ako ganun. bayad lahat sa cut-off. kung di ko ma-afford mag-cash, i don't buy unless 0% interest (na mahirap i-keep track kaya once ko pa lang ginagamit.)

Bakit ka naman hindi dapat magbayad lahat sa cut-off eh kung mag installment ka ng nonzero interest item, kahit 100 pesos lang 1,500 ang finance charge! Bukod pa yun sa interest ha!

[nicolodeon]

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.

Exactly.

[Lucius]

Hahahaha ung laptop ko 12 months to pay 0% interest. Siguro nga may patong na hahaha

[Mguy]

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.

[boybi]

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.

ganyan ba kalaki ang mark up sa CC payment?

[oldblue]

'lam ko talaga malaki mark-up pag 0% installment plan.

let's take for example, Apple Imac Computer. sa Mac Center sa SM, around 89k sya na pwede i- 12 mos. payment.

pero I heard there is this distributor/dealer who also caters end users in timog area that offers it at 74k lang, cash. same warranty.

eto list ko na lang mga bad "decisions" ko

I bought an Ipod Video 30GB at 20,500 12 months 0%, a month later found out that you can have it for 16k. just finished paying last month, the Ipod 30GB video is now 10k srp.

I bought a Wow Magic Sing sa Automatic Center late November, around 11k+, nakaka- 3 months pa lang ako. found out na meron pala sa Raon last X'mas, cash nga lang 7k+.

mintik na ako sa Canon 400D na available sa mga canon shops sa mall, 49k puwede 12 mos. 0%. 39k cash sa Hidalgo with bag pa and addl. accs.

lahat with manufacturer warranty din naman.

lakas kumita ng credit card installment scheme.

yun bago type bilhin ngaun, tig 79k na 32" Samsung LCD TV sa Abenson sa Greenbelt. if you pay in 12 mos 0% installment, may free 29" Flat Samsung TV ka pa + a DVD Home Theatre Entertainment System.

pano ka naman makaka-resist, may 32" Samsung LCD TV ka na, may 29" Flat TV ka pa!

buti na lang closing time na nun, and I had a whole day to think the next day. sira-ulo abenson yun, for 79k mintik na ako napabili ng dalawa TV + DVD Home theatre. bale 3 sales in 1 pa hahaha

[larshell]

Zero % is not true. The retail price is jack up para they can absorbed the interest. Gusto ng mga CC co. yan kasi by % ang commission nila. Bigger the amount syempre mas gusto nila. Pero diba jung ayaw mong mapamahal ipon muna. Kasi kung gagamitin mo yong pera nila imposimple na walang interest yon.