It pushes off bill collecting to other people, you get your money.
The cost of that is about 3% or so to you.
As a person who always pays off my card every month, I tend to use my card where I can. It is not unusual for me to have 2-3 thousand doue each month. I write them a check for that.
I figure most places that take credit cards have raised their prices 3% to make up for the costs; so I will use the card there & get an intrest free loan for 20 days or so - my way of trying to get back a bit of that 3% more you will be charging me.
I don't know too much about it from your end of the transactions, but - it would seem to cost you a bit to get paid for things more timely....
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Today's Featured Article - The Fordson F Ignition System - by Anthony West. A fellow restorer contacted me earlier this year asking for some help and advice on a model F that he was restoring. He had over a period of months spent a fair amount of his hard earned cash on replacement parts for the old "trembler" ignition. Sadly though all his efforts seemed to be a waste of time and money as he still couldn''t get the temperamental old thing to run correctly!! If i said that this was a little frustrating for him that would be "conservative" in fact the problem had reduce
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