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?