Posted by s.crum on April 04, 2011 at 10:05:53 from (12.75.112.106):
In Reply to: Re: OT- debit cards posted by Russ from MN on April 04, 2011 at 06:48:51:
Most people don't understand the merchant side of credit cards. The merchant pays a "discount rate" or surcharge on the amount of each transaction, this is usually 1.5 to 3%. The merchant has the choice to take the hit or pass the cost along, most merchants just price their goods accordingly and everybody pays the inflated price. At least the gas stations give you an option. Most amusing was Discover card. Their wonderful "5% cash back"was a double edge sword, Discover's discount rate was 8% at one point (3% for them 5% for the customer) so the merchants that did accept Discover adjusted pricing accordingly, others just refused to take Discover. Discover was originally part of the Sears financial network. So in short everybody can tag at least 3% worth of higher prices on the convenience of plastic.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - It Can't Be Done! - A Tractor Story - by Neil Campbell. I'll never forget the time back when I was a boy baling hay on our Farm in Big Rapid, Michigan. The most memorable event that took place was a trip up the steepest incline on the farm pulling an old New-Idea baler with a pony-motor for power and a haywagon. I had just talked my Dad into buying an old John Deere B with 6-speeds ahead and I was real proud of it, except it was a little smaller than the Case tractor that we normally
... [Read Article]
Latest Ad:
Late 50s early 60s international harvester 560 with cultivator
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
