dont get confused by MDR

0% is 0%, MDR is MDR

https://www.investopedia.com/terms/m/mercha...scount-rate.asp

This practice only famous and widely used in US. Even buy groceries in US you can negotiate for item near expiry date.

In Malaysia, most retailers die die said this is the FINAL PRICE and cannot get the discount.

Ayam amazed.


Sumpah.

Then it further reinforces that cash / debit card / E-wallet transaction (not all, grab might charge platform fees as grab provide reward point) is in a disadvantage compared to CC transaction, where the user can earn CC rewards while cash / debit card user gets nothing extra

Yeah especially with that picture of yours.

I know you are not happy working in your low paid job. It's ok.

This post has been edited by BrookLes: Oct 2 2023, 03:48 PM

For electronic goods, you can still get discounts.

Could it be the bank absorb/waive the fee as marketing/promo expenses to be more competitive?

hmm, i guess this make sense also, like bank pays retail 2.7k, then CC user pay back 2.8k, profit 100
yeah not too familiar with the exact mechanics behind, but concept wise is same.

You do realize that shops that demands only either cash/E Wallet transactions normally charges cheaper price do you?

In fact, in the past, if you go service your car, shops will actually offer you a cheaper price if you pay in cash.

Also the other advantage of paying by cash is, the shop can bypass taxes.

I mean seriously, everyone knows merchant pays fees for every cc transaction and you think they will not pass the cost to you.

This post has been edited by BrookLes: Oct 2 2023, 03:53 PM

Because you are too stupid not to ask a discount first before you buy.

revenue record is there.. cant bypass taxes.. the only benefits for seller is no need to pay extra merchant fee on machine.. that's the reason some franchise retail shop ask for additional amount of money if buyer going for installment.. add RM80/100/120 depending.. else they will use retail price of product to sell u instead of discounted price..

although bank say cannot charge the fee to customer (true< if seller sell at retail price.. e.g. TV RRP 3999).. but if seller sell at 3499 (discoutned price).. they ady offset the fee & margin.. so they have to charge one time fee on top of 3499..

yeah, that's why i say going retail with cash / E wallet is normally at a disadvantage as the person is helping to pay other CC user rewards point and perks.
given that the disadvantage is negligible, but why not get a waived annual fees CC and whack it also?

Of course no choice lah.
But for more expensive things, I will just try to see if there are any other options.

Also everytime I visit mechanic, I try to ask if there is discount if I pay by cash. Usually they will tell me the cc fee is cheap so cannot give me discount.

sure sure.

Well, I did ask some of the hawkers out there. They specifically told me that they try to bypass tax as much as possible. For example, even for touch and go transactions, they try to use touch and go QR code that is not link to them.

Also there is another korean restaurant near my house. If I pay by cc, I need to pay 10% extra. I am pretty sure this 10% is not just covering cc charges but taxes as well.

And also they do not accept tng payments as well. I mean it's obvious why they dun do that.

I would say they are smart. First of all, they still declare taxes to the government as there are going to be many people who pays using CC. But at the same time, they can bypass taxes for most of their other non cc transactions as well.

One of the reason why governments around the world wants to go cashless is because once everything goes cashless, there is no way to bypass taxes anymore. As long as cash is being used, you can easily bypass taxes.

This post has been edited by BrookLes: Oct 2 2023, 04:19 PM

Because for 0% interest, u need a credit card which alot of ppl dont qualify.

Tell me how you don't understand credit card purchases, without telling me how you don't understand credit card purchases.

finding a loophole

wow your ego hurt huh after you found out u are actually stupid? are u sad now?