Forwarded message:
From: Eric Murray <ericm@lne.com> Subject: Re: Cypherpunks defeat? Date: Mon, 28 Sep 1998 19:56:16 -0700 (PDT)
using plastic. But it's ok for the merchant to offer 'discounts' for buyers who use cash instead of credit cards. That 'discount' is the real price of the goods with the credit-card surcharge subtracted. Often that's 3-4%, sometimes as low as 1.2%.
I haven't seen that in 10 years or more. I doubt that anyone will find this approach very widely.
Visa and MasterCard don't have massive staffs and huge office buildings because they're dumb.
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