Govt. Mulls Ban on Credit-Card Surcharges

**GasJunkie** · October 25th, 2006 10:52 AM

When hell has frozen over. -ccap, dti, bsp

:laughbounce:

Edit maybe before election :spider:

**ssaloon** · October 25th, 2006 11:35 AM

anything for pogi points during election time...

**zero** · October 25th, 2006 11:44 AM

sana ituloy na ito ng BSP, lalu tataas ang approval rating ni Arrovo nito.
huwag sana sila masuhulan ng credit card companies.

**Kikkomann** · October 25th, 2006 11:49 AM

Originally Posted by zero

sana ituloy na ito ng BSP, lalu tataas ang approval rating ni Arrovo nito.
huwag sana sila masuhulan ng credit card companies.

Suhol ng CC Co. VS. Boto ng mga tao sa election.

Naalala ko naman tuloy yung kay Cayetano dati, yung libre dapat yung parking sa malls. O nasaan na ngayon?

**empy** · October 25th, 2006 01:24 PM

like that guy Alex Ilagan said, surcharging might not be against the law today, but it is certainly breach of contract. credit card/merchant standard agreements almost always make the merchant promise that they will not pass along the fees to the customer.

no CC company in their right mind would oppose this law. surcharging makes consumers pay cash and not use their credit cards, which lessens the profits that the CC's make. the only people who benefit from surcharges are the merchants who feel that they are above the agreements that they themselves sign, and breach the terms of that agreement willingly and often.

btw, which CC network charges the merchants 7%? that's ridiculously high - dito mataas na ang 3%....and that is for high-risk merchants.

**uls** · October 25th, 2006 01:37 PM

In the free market, INCENTIVE drives people.

Here, there is more incentive in using cash.

Merchants prefer cash. They encourage cash and discourage credit.

That's why after decades, credit card use here is still not taking off.

**BlueBimmer** · October 25th, 2006 01:44 PM

surcharging is only applied to less than 10% of our overall products here. those 10% are products that have really really low markups, if we dont pass on the surcharge to customers, we are essentially giving the product away (lugi pa sa capital), if we automatically add the surcharge to the selling price, magagalit ang cash paying customer, bakit daw mas mahal compared to other stores. so no choice yan. at least the customer has a choice.

**uls** · October 25th, 2006 02:04 PM

regardless if the problem comes from the banks or the merchants, there are obstacles to the growth of credit card use here.

Kung gusto nila dumami at lumakas ang pag gamit ng credit card, ayusin nila.

**oldblue** · October 25th, 2006 02:58 PM

Originally Posted by Isuzoom

ok pala taga govt. kung nag iisip.

ok talaga govt. pag lapit na election. anyway adjust lang ng merchants ang prices ng 6% kagad. who are they kidding?

**BlueBimmer** · October 25th, 2006 03:10 PM

it should start from the CC companies, if they dont charge this high then pwede pa absorb ng merchants. with the current system, if a merchant removes surcharge from his low markup goods, then he may just as well refuse CC cards on those goods since pointless na magbenta na palugi.

merchants ang naiipit e, we have to provide attractive prices but at the same time satisfy the CC users. madali lang sabihin 'ayusin' yan pero di ganyan kabilis 'ayusin'.