From: utzoo!utcsrgv!kramer Newsgroups: can.general Title: credit card charges Article-I.D.: utcsrgv.1056 Posted: Thu Feb 17 22:31:44 1983 Received: Thu Feb 17 22:49:34 1983 Recently there have been a number of articles in the papers describing how the banks are losing money on credit cards. They claim that money is made on interest charges and that not enough of us pay interest. This justifies a per transaction charge to credit card users. No mention is ever made of the 3 to 5 % that the store pays on each credit card transaction. Where does this money go? Is someone trying to pull wool over our eyes? Why don't the newspapers mention this extra money the banks get?