Offline Credit Card Merchants in Philippines
Recently, there was an article last weekend in one of the daily newspaper that calls all consumers to unite against establishment who add 5-6% on top of the price tag. According to the author, this is illegal and against the price tag law.
There was one who replied that this was being practice because the credit card company gets 5-6% plus .5 WT from the merchants. That’s why the merchants add 6% on top of the price tag displayed. Because the price was for cash basis.
I don’t know why the author reacted to this kind of practice harshly. I think if the author of that article does not want to be charged additional 6%, then use cash as payment instead.
I wonder if the table is turned that author will be the one who sells goods at a minimal margin. And has a customer who wishes to pay credit card, I think that author will do the same add 6% on top of the price tag.
You see the basis of the complain is because there is a law - Price Tag Law. But you see, most merchants price tags are for cash payment. There’s another price tag which is regular price tag. Unfortunately, if the merchant do his price tag manually or divisoria style. It is cumbersome to individually mark the products with cash and regular price tag - just like the one being practice by Abenson and Shoemart. So, I hope the author will also be open-minded and put himself on the shoes of the merchant.
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